Here is a follow-up of my suggestion yesterday about the relevance of Marx’s theory of fictitious capital for the present day crisis. It begins with a historical overview of the expression, “fictitious capital,” before it gets into the crisis material. The material comes from a book of mine, Marx’s Crises Theory: Scarcity, Labor, and Finance.
fic1
Very thorough, michael. So, it did come out of the discussions during the South Sea Bubble originally.
ReplyDeleteVery thorough, michael. So, it did come out of the discussions during the South Sea Bubble originally.
ReplyDeleteNot a shocking development.
ReplyDeleteAvailable in PDF?
ReplyDeletesorry.
ReplyDeletew/Michael's permission, I can post it as a PDF.
ReplyDeleteI would not stop you.
ReplyDelete