Capital (Marxism)
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Capital is a central concept in Marxian critique of political economy, and in Marxian thought more generally.
Marxists view capital as a social relation reproduced by the continuous expenditure of wage labour. Labour and capital are viewed as historically specific[clarification needed] forms of social relations.
Marx stated that "Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks."
See also
- Property is theft!
- Criticism of private property
- Reification (Marxism) – Treatment of social attributes as real, in Marxist theory
- Forms of capital in Marxism: Constant capital — Capital invested in the means of production. Variable capital — Capital invested in labour power. Fictitious capital – Marxist doctrine Monopoly Capital
Key figures:
Bibliography
- Postone, Moishe (1993). Time, labor, and social domination: a reinterpretation of Marx's critical theory. Cambridge: Cambridge University Press. doi:. ISBN 9780511570926.