Production versus Capital in Motion: A Reply to Fine and Saad-Filho

Production versus Capital in Motion: A Reply to Fine and Saad-Filho

A further critique of Fine and Saad-Filho's reading of Marxist political economy: (a) it neglects the monetary dimension of Marx's analysis; (b) it focuses too much on production, and on the organic composition of capital, treated in isolation from the overall circuit of capital. An altern...

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Bibliographic Details
Published in:Historical materialism : research in critical Marxist theory 2008-01, Vol.16 (4), p.181-203
Main Author: Kincaid, Jim
Format: Article
Language:eng
Subjects:
ALFREDO SAAD-FILHO
Allocation
BEN FINE
Capital
CAPITAL ALLOCATION
CIRCUIT OF CAPITAL
Competition
COMPOSITION OF CAPITAL
EMERGENCE
Marxism
Marxist Analysis
MARXIST POLITICAL ECONOMY
MONEY
Political Economy
Production
RATE OF PROFIT
REALISATION
SURPLUS-VALUE
VALUE
Value (Economics)
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Summary:A further critique of Fine and Saad-Filho's reading of Marxist political economy: (a) it neglects the monetary dimension of Marx's analysis; (b) it focuses too much on production, and on the organic composition of capital, treated in isolation from the overall circuit of capital. An alternative theorisation is proposed, stressing what will now be called emergence patterns in Marx's value theory (his term was laws of tendency), and giving due weight to circulation, realisation, competition and capital allocation.
ISSN:1465-4466
1569-206X