à propos the discussion of Ingo Elbe's essay, and the simultaneous discussion of Mike Beggs' article (and Carrol's quote of an excellent passage from Freddy Perlman), here's a link to an article by Michael Heinrich I translated a while back that I think nicely summarizes what I think is the "correct", monetary understanding of Marx's value theory. This piece was originally written for a popular audience in the third-world solidarity magazine iz3w, so it's not heavy on Marx quotations or other philology. But it's precisely as a popular summary that it's so good:
http://mrzine.monthlyreview.org/2006/heinrich031106.html A Thing with Transcendental Qualities: Money as a Social Relationship in Capitalism by Michael Heinrich An Introduction to Marx' Notion of Money What is money? This question hardly plays a role in everyday commerce. What matters is that there is enough. Bourgeois economic theories reduce money to its economic function. But the ubiquity of money is fateful and presupposes certain conditions. Hence, the critique of financial markets is incomplete when it suppresses certain fundamental social relationships which are reified in money. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
