5/13/2023 0 Comments Kapital marx![]() ![]() Three moments that compose Marx’s concept of capital Thus, we must now ask if two centuries of mankind’s history has discovered a solution or made any progress in this respect. Marx would recognize the relationship of production that emerges out of the antagonistic split between subjective and objective elements (“primitive accumulation”). The peculiarity of Marx’s capital theory lies in its critical dimension, which supersedes the positivistic theorizing of ordinary economists. ![]() ![]() However, viewed from the materialistic perspective of capital theory, he had successors in the Russian planners of socialist centralized economy in the twentieth century. ![]() Marx’s view of capital shows several fundist characteristics in line with the classical economists preceding him. In this respect, Hicks’ distinction of capital theoreticians between “fundists” and “materialists” is useful. Thus, this article discusses Marx’s critical reception of his predecessors and the investigation after him. Its aim is to identify the position of Marx’s theory of capital in the history of economics. This was originally written in mid-2018 to celebrate the 200-year anniversary of Karl Marx’s birth. ![]()
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