Part 2: The Ideal Constitution of Capital

In: The Spectre of Capital: Idea and Reality
Author:
Christopher J. Arthur
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Type:
Chapter
Pages:
60–66
DOI:
https://doi.org/10.1163/9789004522138_008
Open Access

On the page opposite begins a list of the paragraphs comprising the bulk of this second (and final) part.

The strictly logical presentation of the value-form categories (in Chapters 6–13; 15–16) is organised in paragraph numbers that reflect the logical level of the categories concerned. Because the logic has a triadic movement, the numbers concerned naturally run in threes. However, the logical level of the category concerned is indicated also by the addition of a further number (thus, by adding 1, 2, and 3, ‘§1’ divides into ‘§11’, ‘§12’, ‘§13’; ‘§2’ divides into ‘§21’, ‘§22’, ‘§23’; and so on); where the system becomes very fine-grained the more extended number is broken up with points (‘.’) and slashes (‘/’) (e.g. the category of ‘monetary medium’ is placed at ‘§23.31/32’); these points and slashes have no substantive significance; they are used simply as an aid to scrutiny.

Interpolated into the presentation are ‘Remarks’ not strictly necessary to the argument. Note that the format rule followed is that a Remark is one paragraph, and only one paragraph, long, before the main text resumes. In very rare cases a longer interpolation is headed ‘Remark on …’.

The Presentation of Value Form Categories

Division I Capital in Its Notion

§1

Commodity

§11

Quality of Being Exchangeable

§11.1

Being Present in Exchange

Nothing; Being; Nothingness (the Presence of Nothing)
§11.2

Exchangeableness: Something and Other; Spurious Infinity; True Infinity
§11.3

An Exchangeable

One; Many; (Relative) Totality (Attraction / Repulsion)

§12

Quantity of Commodities Exchanged

§12.1

Pure Quantity (Infinite Unity of All Exchangeables)
§12.2

Number of Commodities Exchanged in a Transaction
§12.3

Ratio of Exchange

§13

Exchange-Value as the (Specifying) Measure

§13.1

Rule of Pro-rata Exchange
§13.2

Series of Exchange-Values (i.e. of Specific Measures)
§13.3

Infinite Unity of Measure Relations

§2

Money

§21

Value as Immanent Exchangeability

§21.1

Exchange-Value Reflected into the Commodity

§21.11

Positing Reflection
§21.12

External Reflection
§21.13

Determining Reflection

§21.2

Reflex-Determinations of Value

§21.21

Identity (Value Is in the Commodity)
§21.22

Difference (Value Is Not in the Commodity but Different from It)
§21.23

Contradiction (Value Is and Is Not in the Commodity)

§21.3

Value Grounded in the Value Form

§22

Value as Appearance

§22.1

Value as Existent

§22.11

Value as (Relational) Property of a ‘Thing’
§22.12

Form and Content
§22.13

Value as Law-like in Its Appearance

§22.2

Forms of Appearance of Value:

§22.21

Form I Simple Form
§22.22

Form II Expanded Form
§22.23

Form III General Form

§22.3

Correlation of Immediate and Reflected Totalities of Value

§23

Value as Actuality: Money

§23.1

The Modalities of Equivalent Form: Possibility; Contingency; Necessity; Form IV: Total Form of Value
§23.2

Money as Absolute Form of Value

§23.21

Exchangeability-in-Immediacy; Form V: Money Form of Value
§23.22

Immediate Exchangeability; Form VI: Laying-out of Money
§23.23

Reciprocity of Form-Determinations of Money

§23.3

Value as Substance (the Substantiality of Value Exists in Money)

§23.31

Value as Substance in Immediacy

§23.31/1

Substance-in-Itself; Its Oneness (Its Self-Identity)
§23.31/2

Substance-for-Itself as a Dimensionally Extended Body of Value
§23.31/3

Money as Finite Mode of Value:

§23.31/31

Immanent Magnitude
§23.31/32

Monetary Medium
§23.31/33

Measure Proper Is Given in Units of Money

§23.32

Value Substance Actualised in a Realm of Finitude: Commodities

§23.32/1

Money Is the Real Measure of Value of Commodities
§23.32/2

Commodities as ‘Values’

§23.32/21

Value as the Substance of Commodities
§23.32/22

The Transubstantiation of the Commodity
§23.32/23

The Commodity Posited as ‘a Value’

§23.32/3

Value as Absolute Relation of Form and Content

§23.33

Infinite Unity of Value Substance: Form VII: Substantial Form

§23.33/1

Interchangeability of Commodities as Values Predicated by Money
§23.33/2

Money as Comparator (Unitary Measure of Value)
§23.33/3

Merging of Values in a Mass of Value Measured in One Sum

§3

Capital

§31

Price (Subjectivity of Value)

§31.1

Value as Notion

§31.11

Infinite Value Notion

§31.11/1

Universality of Value
§31.11/2

Particularity as ‘Amount’
§31.11/3

Singularity as ‘an Amount’

§31.12

Finite Value Notion (Schematised in Money as ‘Measure-Making’)
§31.13

Value Brought Back to the Infinite: Fungibility of Money.

§31.2

The Value Judgement (Money Assumes the Role of Measure-Taking)

§31.21

The Judgement of Worth, ‘This Commodity Is Worth $x’
§31.22

Standard of Price; Money of Account;
§31.23

The Unfolding of the Judgement of Worth

§31.23/1

The Formal Judgement (Qualitative and Quantitative)
§31.23/2

The Categorical Judgement;
§31.23/3

The Judgement of the Concept

§31.3

Transitivity of Price

§31.31

Syllogism of Abstraction: If A Is Worth $x, and B Is Worth $x, Then A = B
§31.32

Syllogism of Equality: If A = B, and B = C, Then A = C
§31.33

Syllogism of Syllogisms:

If A = B & B = C Then A = C;

If C = A & A = B Then C = B;

If B = C & C = A Then B = A (the System Is Closed).

§32

Exchange and Circulation (Objectivity of Value)

§32.1

Immediate Exchange (Money as Ideal Measure) C–C′
§32.2

Sale Is Purchase (C–M) ≡ (M–C)
§32.3

Metamorphoses of Commodities and Money

§32.31

Sale and Purchase (C–M) + (M–C′)
§32.32

Metamorphoses of Commodities C–M–C′ (Finite Teleology)
§32.33

Metamorphoses of Money (Monetary Circulation: Infinite Teleology)

§33

Capital as Concept and Idea

§33.1

Money as Money (Value as ‘Individuated’)

§33.11

Money as End of Exchange
§33.12

Money as Means of Payment
§33.13

Money as Funds

§33.2

Money as Capital

§33.21

Money as Its Own End
§33.22

‘Life Process’ of Capital: General Formula for Capital
§33.23

‘Generation’ of Increment of Money

§33.3

Capital as Idea

§33.31

Accumulation

§33.31/1

Transformation of the Monetary Increment into Capital
§33.31/2

Rate of Accumulation as a Measure of Capital by Itself for Itself
§33.31/3

The Infinity of Capital

§33.32

The Formal Determination by Capital of Its Real-World Existence

§33.32/1

Subsumption
§33.32/2

Valuation

§33.33

Idea of Capital Realised in Contradiction

Division II Capital Relation

§4

Capital in Circulation

§41

The Temporality of Capital Accumulation
§42

Ideality and Reality of Circulation
§43

Capital Posited in and through Its Otherness

§43.1

Merchant Capital
§43.2

Money-Lending
§43.3

Industrial Capital

§5

Capital in Production

§51

Industrial Capital in Its Notion: Genesis of Value in ‘Time’ (Production) and ‘Space’ (Exchange)
§52

Capital Relation Proper

§52.1

‘Abstract’ Labour
§52.2

Formal and Real Subsumption
§52.3

Constitution of Capital via a Dialectic of Negativity; Alienation of Labour

§53

Self-Valorisation of Capital

§53.1

Value Added
§53.2

Genesis of Surplus Value
§53.3

Wages of Labour

§6

Reproduction of Capital

§61

Simple
§62

Extended
§63

Results of the Immediate Production Process

Division III The System of Capital

§7

Capital as Universal and Individual

§71

Capital as Subject
§72

Individual Capitals
§73

Capital as One Idea

§8

The System of Industrial Capital in Its Double Determination

§81

Capital as such Reflected into Itself

§81.1

The Rate of Surplus Value
§81.2

The Metamorphoses of Capital

§81.21

Fluidity and Fixity of Capital
§81.22

Three Circuits of Capital
§81.23

The Circuit in Its Conceptual Unity

§81.3

Simple Price and the Rate of Profit

§82

Difference of Capitals

§82.1

Competition: Absolute and Relative Surplus Value;
§82.2

Organic Composition of Capital;
§82.3

Uniform Rate of Profit and Prices of Production

§83

Systemic Unity of Total Social Capital

§83.1

General Law of Accumulation
§83.2

Reproduction of Total Capital via Departments of Reproduction
§83.3

Reproduction Prices and the General Rate of Profit;

Addendum A Note on the Neo-Sraffian System

Addendum A Note on the Tendential Fall in the General Rate of Profit

§9

Absolute Capital

§91

Absolute Capital in Its Notion (ex nihilo Money)
§92

Externalisation of Inner Moments of Capital Circuit

§92.1

Finance;
§92.2

Commerce;
§92.3

Industrial Production Proper

§93

Capital as Absolute Idea

§93.1

The Absolute as Individual
§93.2

The Elliptical Movement of Capital
§93.3

Capital as Absolute Idea

§10

Capital and Its Others

§101

Capital
§102

Internalisation of Capital’s ‘Others’
§103

General Conditions of Existence of Capital

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The Spectre of Capital: Idea and Reality

Series: 

Cover The Spectre of Capital: Idea and Reality
E-Book ISBN:
9789004522138
Publisher:
Brill
Print Publication Date:
08 Jul 2022

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