The decline of money

If we are to understand the present crisis we need to grasp the decaying relationship between money, production and value. Hillel Ticktin discusses the growth of fictitious capital and impossibility of getting money to make money

The problem when looking at Marx’s analysis of money is that he discusses it everywhere. Right from the beginning in the Economic and philosophic manuscripts (1844) there is a detailed discussion of money, though in completely different terms from what we see later. In the Grundrisse (1857) we have another discussion, which goes on right the way through. And, of course, in Capital itself (1867-83) this is continued in great detail. In other words, a huge volume of space would be needed to do justice to all that Marx writes about money. It is not as though he can be accused of repeating himself in all these works. So the most I can do here is give my own understanding on what he did write and piece together various statements as an introduction to the subject.

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Amputator; Twisted; Public interest; Please explain

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Weekly Worker 903 is also available in PDF format