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tsuomela : marx   11

Prophet and Loss | New Republic
Review of Karl Marx: Greatness and Illusion by Gareth Stedman Jones.
book  review  biography  marx  19c  ideology  capitalism 
september 2016 by tsuomela
Robots and Robber Barons -
"Wait — are we really back to talking about capital versus labor? Isn’t that an old-fashioned, almost Marxist sort of discussion, out of date in our modern information economy? Well, that’s what many people thought; for the past generation discussions of inequality have focused overwhelmingly not on capital versus labor but on distributional issues between workers, either on the gap between more- and less-educated workers or on the soaring incomes of a handful of superstars in finance and other fields. But that may be yesterday’s story."
economics  technology  growth  capital  capitalism  labor  marx 
december 2012 by tsuomela
Marx at 193 ( 2 Apr., 2012, at Interconnected)
"On the origin of value, "In Marx's judgment surplus value is the entire basis of capitalism: all value in capitalism is the surplus value created by labour." And so Marx "creates a model which allows us to see deeply into the structure of the world, and see the labour hidden in the things all around us. He makes labour legible in objects and relationships.""
marx  capitalism  empiricism  bias  economics 
april 2012 by tsuomela
Busted: Stories of the Financial Crisis | The Nation
I.O.U. Why Everyone Owes Everyone and No One Can Pay. By John Lanchester.
13 Bankers The Wall Street Takeover and the Next Financial Meltdown. By Simon Johnson and James Kwak.
A Companion to Marx's "Capital" By David Harvey.
On 13 Bankers - "The authors seem, in that instant, on the verge of realizing that the problem is the dynamic itself—that the choice between greed and regulation is a false one, that the dance of bankers and regulators is exactly what ends in a tangle on the floor, with the markets a shambles, liquidity in drought and real unemployment trending toward 20 percent."
books  review  economics  capitalism  crisis  marxism  marx  karl  recession  finance 
november 2010 by tsuomela
Stumbling and Mumbling: "Scroungers" and exploiters
The embarrassment here for Marxists is that public opposition to “welfare scroungers” is similar to their (our) opposition to capitalism. Both appeal to a concept of exploitation. Marxists say that capitalism requires workers to work longer than necessary in order to give bosses profits. But one could equally well claim that workers have to work longer than necessary in order to pay taxes to keep “scroungers.” “Scroungers” and bosses both exploit workers.
This raises the question: why is there so much popular hostility to exploitation by scroungers and so little to exploitation by bosses (bankers excepted)?
marx  karl  marxism  exploitation  work  welfare  fairness  business 
july 2010 by tsuomela
n+1: On Your Marx
The motor of accumulation has been sputtering for nearly four decades, and its coughs can be heard again now that the roar of combusting paper wealth is dying down. This doesn’t mean capitalism or even growth is at an end. Economists of all kinds have pinned their hopes on the transformation of laboring and saving Chinese into hardy consumers. In any case, the US consumer—a ravening appetite in a paper house—appears to be finished as the world’s buyer of last resort. It would add a nice dialectical twist to the future history of our period if it could be said that, around the time the post-Maoist Chinese took up shopping, the post-bubble Americans turned to studying Marx.
economics  recession  marxism  marx  karl  ideas  history  left 
june 2010 by tsuomela
Michael Eldred - The Digital Cast of Being: Metaphysics, Mathematics, Cartesianism, Cybernetics, Capitalism, Communication - Reviewed by Val Dusek, University of New Hampshire - Philosophical Reviews - University of Notre Dame
The subtitle shows that this is a very ambitious book about a tremendously important topic. Michael Eldred examines and criticizes the atomistic world-orientation involved in digital technology, tracing this atomization back to Aristotle's conception of time as number (using Heidegger's comments). He continues through Descartes' atomistic ontology and method into modern mathematics and science, including discussions of the rigorization of the calculus and the arithmetization of analysis. Eldred then discusses the contemporary digitalized economy using Marx's concepts. Thus the work attempts to integrate a critique grounded in fundamental ontology with a critique of political economy in the digital age.
book  review  philosophy  information  digital  digitization  ontology  time  technology  heidegger  martin  alienation  marx  karl  ideology 
june 2010 by tsuomela
Economic Manuscripts: Value, Price and Profit, Karl Marx 1865
Speech by Marx to the
First International Working Men's Association, June 1865
marx  karl  speech  capitalism  profit  economics 
february 2010 by tsuomela » Times Like Bats
I’ve suggested in a number of earlier posts that I see the first three sections of the first chapter of Capital as, among other things, a metacommentary on the opening sections of Hegel’s Phenomenology of Spirit.
economics  marx  karl  rhetoric  argument  philosophy 
june 2008 by tsuomela

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