
Class 04 - Vol 2, Chapters 7-11
Reading Marx's Capital Volume 2 (audio)
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The Significance of Fixed Capital Development in Social Production Processes
This chapter explores how fixed capital development reflects general social knowledge in production processes, emphasizing the impact of collective intelligence on the transformation of social life. Using New York City as a case study, it delves into the role of machinery, factories, and physical infrastructures in production under capitalism. The discussion also highlights Marx's differentiation between fixed capital and circulating capital, focusing on the forces library utilizes in terms of physical inputs and connecting to the theory of surplus value.
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