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The Theorisation Of The Ideological In Capital

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Chapter Summary

Marx uses the term ‘ideology’ in a fairly broad sense, often relating it to idealism and denoting a view of the world specific to certain classes. The ‘transformation of values into prices of production’ is a transformation of real relationships, a (decisive) moment on the abstract-concrete axis. The existence of this transformation, as an element of the capitalist structure, determines the non-transparent character of the concept of value. Marx traces a progressive distancing that leads from surplus-value to financial capital, each transformed form obscuring still more the original relationship between labour and the production of an increase in value. The categories of competition constitute an Erscheinung, in the sense that an essential structure is effectively realised in a more concrete structure: the law of value is expressed in exchange at prices of production.

Keywords: capitalist ideology; Erscheinung; financial capital; Marx; surplus-value

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