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  • Author or Editor: Søren Mau x
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The introduction of the concept of capital in Capital – with the words ‘we find’ – has provoked a great deal of discussion about the precise relation between the categories of simple circulation and the concept of capital. In this article, I argue that Marx derives the concept of capital by way of an analysis of the immanent contradictions of money, and that this dialectical derivation can be understood as a conceptual movement in which the concepts of money and capital progressively change their modal status. Furthermore, I examine the development of this transition to capital throughout Marx’s writings from the period 1857 to 1872, arguing that the same arguments can be found in all the relevant writings. Finally, the article provides a critical review of the literature on the transition to capital.

In: Historical Materialism
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Abstract

According to Marx’s unfinished critique of political economy, capitalist relations of production rely on what Marx refers to in Capital as ‘the mute compulsion of economic relations’. The aim of this article is to demonstrate that this constitutes a distinct form of economic power which cannot be reduced to either ideology or violence, and to provide the conceptual groundwork for a systematic theory of capital’s mute compulsion.

In: Historical Materialism