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The Significance of Marx’s Theory of Money

The highly abstract formulation of Marx’s theory of money in Capital, Volume I is just the first step of a materialist analysis of concrete monetary phenomena. His concrete analysis of monetary phenomena in Capital, Volume III has remarkable resonance in today’s world. While Marx emphasised the primacy of production, he saw capitalist dynamics as being deeply entwined with money and finance.



 

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Updated On : 15th Sep, 2017

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