Reading Marx's Capital Volume 2 (audio)

Class 01 - Introduction

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Jan 27, 2012
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INSIGHT

Circulation Focus Reveals Different Truths

  • David Harvey values Volume Two for its focus on circulation, turnover, and space rather than Volume One's production emphasis.
  • He argues Volume Two reveals dynamics like speed-up and spatial compression crucial to understanding capitalism.
INSIGHT

Marx’s Pure-Abstraction Method

  • Harvey notes Marx abstracts to a ‘pure’ functioning capitalist society, excluding technological change and value shifts.
  • This abstraction isolates circulation forms so new problems like realization and flow barriers become visible.
INSIGHT

Multiple Windows On Capital

  • Viewing capital from a production window yields one set of laws; viewing it from a circulation window yields others.
  • Capital’s truth combines both windows, which Volume Three tries to reconcile.
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