An introduction to the three volumes of karl marx s capital heinrich michael locascio alex. An Introduction to the Three Volumes of Karl Marx's Capital by Michael Heinrich 2019-02-23

An introduction to the three volumes of karl marx s capital heinrich michael locascio alex Rating: 8,1/10 448 reviews

An Introduction to the Three Volumes of Karl Marx's Capital : Michael Heinrich : 9781583672884

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought. And of course, there are those, like Michael The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Instead of letting Marx speak for himself, this author speaks for Marx, through a fastidious reading, and uses this perspective to assail other Marxist readings. Heinrich's modern interpretation ofCapitalis now available to English-speaking readers for the first time. Capital Vol 1, page 12 of the Marxist Internet Archive pdf file Heinrich rejects this formulation because : The reduction of various types of labor to labor in a physiological sense, however, is a purely mental abstraction, to which any kind of labor can be subjected, regardless of whether it produces a commodity. With Monthly Review's publication of this translation, Michael Heinrich's magisterial introduction, which has established itself as the standard reference in Germany in little under a decade, is now finally available to English-speakers. Marx doesn't understand any of this.

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Michael Heinrich (Author of An Introduction to the Three Volumes of Karl Marx's Capital)

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Alexander Locascio, translator of this biography from German to English, has been active in the U. Heinrich also points out that more recent invocations of Lenin's ideas about imperialism are even less coherent. Marx seems to have assumed not so much that crisis itself would bring down capitalism — in fact, the deepest moment of a crisis is the moment that the rate of profit is restored and capitalism as a system becomes healthy — but that people would, over time, come to see through the recurring crises that capitalism is an irrational and destructive system and should be gotten rid of. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. With Monthly Review's publication of this translation, Michael Heinrich's magisterial introduction, which has established itself as the standard reference in Germany in little under a decade, is now finally available to English-speakers.

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An Introduction to the Three Volumes of Karl Marx's Capital by Michael Heinrich

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

It has been u One of the effects of the global economic crisis that began in 2008 is a surge in sales of Karl Marx's Capital, a work often regarded as outmoded and flawed, especially in English speaking countries. The name Karl Marx is extremely tarnished from all the disastrous historical attempts at communism. Capital Vol 1, page 12 of the Marxist Internet Archive pdf file In this formulation - which Heinrich ignores - labour is abstract as part of the pool of human labour available to society. Heinrich presents a left-communist p This book does a really good job of divorcing Marx's thought from the perverted applications of so-called Marxism since his death. Still many thanks to Alexander Locascio the translator. .

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An introduction to the three volumes of Karl Marx's Capital

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

It also helps to illuminate areas of contention between Heinrich and his critics which will hopefully enable the debate to move forward in the essential task of clarifying how we help to reproduce the capitalist beast and what needs to be done to construct more human social relations. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. The book was a well composed explanation of the source from what I've read of the original. By contrast Heinrich takes you away from the book itself to summarise and draw out the principle conclusions. Of all of the Capital introductions I have read, this has easily been my favorite.

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An Introduction to the Three Volumes of Karl Marx's Capital by Michael Heinrich

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

What we have today is a situation where there is a tremendous amount of liquidity, and there is still an expanding private debt bubble sustaining consumption, and there are extremely low interest rates; and yet there is no investment. Translator Alexander Locascio was previously active in the U. So, if someone can figure out how to create a product with less cost, such as labor time, they can sell it for the same price but make more profit. That means all the sellers will be striving to be as efficient as possible. We can measure it by monitoring a person's oxygen consumption whilst they perform different tasks.

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Monthly Review

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

If one wishes to abolish exploitation, then this cannot be accomplished through a reform of the relations of exchange within capitalism, but only through the abolition of capitalism. No wonder his philosophy was popular. As perhaps the greatest psychic hurdle facing the future of humanity is overcoming the prejudice that any alternative to markets automatically means Stalinism, efforts to divorce the criticisms of capitalism found in Marx from their perversion in Leninism and later and more acutely in Stalinism and Maoism are absolutely essential. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions. It is a critique of how they understand this society in naturalized, technical terms, as a mathematical interaction between abstract individuals and abstract choices in a historical void; rather than as particular social relations with a historical origin, a logic that determines how such a way of living and producing is itself reproduced, and hopefully an end.

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Monthly Review

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

This is very helpful, especially for someone slogging through Marx's generally turbid and long-winded prose. It is self-evident that this necessity of the distribution of social labour in specific proportions is certainly not abolished by the specific form of social production; it can only change its form of manifestation. Heinrich objects to all this on several grounds. Book Description Monthly Review Press,U. Must reading for everyone in the Occupy movement and for everyone who wants to understand social relations in contemporary capitalist societies. It is common ground to all Marxist economists that Marx held abstract socially necessary labour to be the source of value. The translation and copy-editing needs work in the next edition.

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An Introduction to the Three Volumes of Karl Marx's Capital by Michael Heinrich · OverDrive (Rakuten OverDrive): eBooks, audiobooks and videos for libraries

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. I concur with Heinrich in his assessment of much of the study of Capital during the first half of the 20th century, and with his point about the importance of Althusser in starting a more detailed and critical engagement with Capital. However there is a big difference between the approach of Althusser and that of Heinrich. Honetly, it's not going to be exciting, and the concepts behind Capital are a part of most modern understandings of the subject so a lot of what's presented will likely seem fairly self evident to the reader. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions. Capital is a tremendously difficult book and I think Heinrich's introduction could aid people who are new to Marx but also those who have already read Capital and other works. But what is abstract labour? Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable.

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An Introduction to the Karl Marx's Capital by Michael Heinrich (2012, Paperback) for sale online

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

Rather, the opposite is the case: to examine the constitution of a particular social and economic structure, one has to be already familiar with the completed structure. Heinrich has a number of objections to Lenin's ideas. Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. He was telling people what they already believed, justifying their emotional reasoning with pseudoeconomics. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. All else being equal, the result of automation is, over time, a fall in the rate of profit. Instead of just summarizing what Marx says, the author finds numerous sources of contention, with Marx, with Marxist, with non-Marxist, etc.

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9781583672884: An Introduction to the Three Volumes of Karl Marx's Capital

an introduction to the three volumes of karl marx s capital heinrich michael locascio alex

I do not know of any better introduction to Capital for undergraduate students and non-specialist readers. But Marx has another explanation for what abstract labour is, based on the division of labour. The book was a good length and covered a lot of ground. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought. It also poses problems for historical materialism, because it puts the primacy of value in exchange rather than production, and thereby inclines to a Smithian view of things no doubt not intentionally. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions. This is the price excluding shipping and handling fees a seller has provided at which the same item, or one that is nearly identical to it, is being offered for sale or has been offered for sale in the recent past.

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