Article2009

Financialization and Marx: Giving Labor and Capital a Financial Makeover

Dick Bryan · Randy Martín · Mike Rafferty

203 citations0/0 files storedReview of Radical Political Economics

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Political Economy and Marxism Marxism and Critical Theory Housing, Finance, and Neoliberalism

Abstract

Financialization challenges some established ways of thinking within Marxist categories. We explore the way in which financialization is not simply shifting the balance of power between classes and generating economic volatility, but also re-constituting our understanding of class (as a formal economic category) and class relations. In particular, we examine how financialization is re-constituting labor as a form of capital, and giving capital a fluidity which serves to intensify competition. JEL classification: B51, G32

Citations in this library

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References

2006Household Finance 2005Financialization and the World Economy 2011Manifesto Of The Communist Party 1998A History of the Modern Fact 2010The Accumulation of Capital 2003Financialization of daily life 2023Manifesto of the Communist Party 1953The Production Function and the Theory of Capital

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