Capital as 'abstraction in action' and economic rhythms in Marx

3Citations
Citations of this article
9Readers
Mendeley users who have this article in their library.
Get full text

Abstract

Capital, as self-valorising value, abstraction in action, Hegelian syllogism or selforganisation of economic rhythms oriented to the unique goal of profit production, is based on the reversal of subject and object in capitalist society. The producer is subjugated to their own social relationship that acts as a subject and treats them as its object. The fetishism of social reproduction manifests itself more clearly in structural crises, in which the system persists only through accelerated social regression.

Author supplied keywords

Cite

CITATION STYLE

APA

Tombazos, S. (2020). Capital as “abstraction in action” and economic rhythms in Marx. Cambridge Journal of Economics, 44(5), 1055–1068. https://doi.org/10.1093/cje/beaa037

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free