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Wednesday, 27 October 2010
Next Session: 'Circuits of Capital'
The Reading Group had a very interesting discussion last Monday on Ernest Mandel's Introduction to Volume II, which can be downloaded here: http://rapidshare.com/files/427153667/KCLReadingCapital_NickBeech_October_25_2010.mp3
For our next session, Jonny Jones, deputy-editor of International Socialism Journal, will be presenting a short introduction on 'Circuits of Capital', followed by a discussion.
Room details now below:
Monday 8th November
6pm
Room S-3.18
Strand Building
King's College London
"The two forms assumed by capital-value at the various stages of its circulation are those of money-capital and commodity-capital. The form pertaining to the stage of production is that of productive capital. The capital which assumes these forms in the course of its total circuit and then discards them and in each of them performs the function corresponding to the particular form, is industrial capital, industrial here in the sense it comprises every branch of industry run on a capitalist basis." "Money-capital, commodity-capital and productive capital, do not therefore designate independent kinds of capital whose functions form the content of likewise independent branches of industry separated from one another. They denote here only special functional forms of industrial capital, which assumes all three of them one after the other."
N.B. We will be reading Chapters 1-4 for this meeting.
Facebook event at: http://www.facebook.com/event.php?eid=119774294751013
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