The Past & Present Reading Group is discussing, in the first half of 2024, Karl Marx’s Grundrisse. This work is often considered a crucial read to grasp Marx’s methods of analysis, with Marx diving off Hegel as one might a springboard. Yet our group has immediately plunged into deep swirling [...]
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In my new book Animals and Capital, I follow through the implications of Marx’s value theory for thinking about capitalist animal agriculture. One important argument of the book is that animal labour power can be understood from the perspective of value, and this provides a fresh way to look at [...]
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Reconstructing the labour theory of value: An interview with Duncan Foley (Part 2: The Capitalist Law of Exchange)
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Marxists tend to like the labor theory of value because it provides a vivid account of exploitation and highlights a basic antagonism at the core of capitalism: capitalists and workers are locked in a battle over the appropriation of the surplus that workers produce. But many commentators [...]
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Marx’s critique of capitalism, and more specifically his theory of value, are still very relevant today, as I argue in my new book Fetishism and the Theory of Value: Reassessing Marx in the 21st Century.
But his work is often misunderstood, not only by orthodox economists but also by [...]
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The Past & Present Reading Group at the University of Sydney has just completed reading Moishe Postone’s classic book Time, Labor and Social Domination: A Reinterpretation of Marx’s Critical Theory (Cambridge University Press, 1996). The book provided very fertile ground for [...]
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The theories of monopoly capitalism and unequal exchange make important contributions to economic theory. They emphasize, respectively, how big companies can use their power over consumers and smaller-firm suppliers, and how rich countries can exploit poorer ones.
Capitalist [...]
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The place of animals in relation to left movements has been highly uncertain. On one hand, there has been at least some historical ambivalence from the organised left around animal welfare as essentially a bourgeois pursuit, something that was reflected in Marx’s brief comments on the issue [...]
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