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The Power of Money. If man’s feelings, passions, etc., are not merely anthropological phenomena in the (narrower) sense, but truly ontological affirmations of being (of nature), and if they are only really affirmed because their object exists for them as a sensual object, then it is clear that: 1.
- Critique of Hegel's Philosophy
Critique of Hegel’s Philosophy in General ||XI| (6) This is...
- Preface and Table of Contents
Karl Marx Works 1844. Economic & Philosophic Manuscripts of...
- Critique of Hegel's Philosophy
In this short essay, he presents money as a major capitalist vice—one that alienates people from their true natures, economically as well as morally and psychologically. Money is the ultimate manifestation of private property, “the object of eminent possession.”
Karl Marx addresses what he considers to be mistakes and misconceptions by earlier economists. The Scottish economist Adam Smith (1723–90) had theorized that the capitalist system would be kept in check by perpetual competition.
The Economic and Philosophic Manuscripts of 1844, also known as the 1844 Manuscripts or the Paris Manuscripts (the term used henceforth), is a collection of essays by the German philosopher Karl Marx, which were later compiled and published by Soviet researchers in 1932.
This study guide focuses on one component of Capital, Marx's schema of how the capitalist system functions. Marx argues that commodities have both a use-value and an exchange-value, and that their exchange-value is rooted in how much labor-power went into them.
Marx argues that the relations of production specific to capitalism allow capital owners to accumulate more relative surplus value by material improvements to the means of production, thus driving the Industrial Revolution.
Summary. Marx here addresses the problem of how money is transformed into capital. He says that he must explain how someone can buy commodities at their value, sell them at their value, and also make a profit. The change in value cannot occur in the money itself, or in the resale of the commodity.
