Description
This book demonstrates the continuing relevance of Marxâs critique of the capitalist system, in which value is simply equated with market price. It includes chapters specifically on the environment and financialisation, and presents Marxâs qualitative theory of value and the associated concept of fetishism in a clear and comprehensive manner. Section I demonstrates how fetishism developed in Marxâs writing from a journalistic metaphor to an analytical device central to his critique. In Section II, commodity fetishism is distinguished from other forms: of money, capital and interest-bearing capital. There follows an analysis of Marxâs complex attempt to distinguish his argument from that of Ricardo, and Samuel Bailey. The section ends with a discussion of the ontological status of value: as a social rather than a natural phenomenon. Section III considers the merits of understanding value by analogy with language, and critically assesses the merits of structural Marxism. Section IV challenges Marxâs emphasis solely on production, and considers also exchange and consumption as social relations. Section V critically assesses recent Marx-inspired literature relating to the two key crises of our time, finance and the environment, and identifies strong similarities between the key analytical questions that have been debated in each case.
Table of Contents
Chapter 1: Introduction.- Section 1: The Concept of Fetishism.- Chapter 2: The Origins of the Term in Marxâs Writings.- Chapter 3: The Development of the Concept over Time.- Chapter 4: Fetishism: a Preliminary Exegesis.- Section 2: The Ontology of Fetishism.- Chapter 5: Fetishism of Money, Capital, Interest-bearing Capital and Commodities.- Chapter 6: The Form of Value: the Scylla of Bailey and the Charybdis of Hegel.- Chapter 7: Appearance and Reality: Some Ontological Issues.- Section 3: On Value and Meaning.- Chapter 8: What is Value? Marxâs Use of Analogy.- Chapter 9: The Limitations of Structural Marxism.- Chapter 10: The Commodity as Sign.- Section 4: The Social Relations of Production, Exchange and Consumption.- Chapter 11: Marxâs Emphasis on Production.- Chapter 12: Exchange and Reciprocity.- Chapter 13: Consumption, Need and Use-Value.- Section 5: Marx in the 21st Century.- Chapter 14: Marx and the Environment.- Chapter 15: Marx and Financialisation.- Chapter 16: Conclusion.



