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11. Capital as Syllogism

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Chapter Summary

The 'functional' circuits are merely a transcription of the 'formal' circuits examined in the first three chapters of the second volume of Capital. This does not mean that this 'transcription' is of little importance since it is on the basis of this 'transcription' (more precisely on the basis of the 'syllogism' that it represents) that capital can be grasped in its internal organisation. As in Hegel, in Marx money capital, commodity capital and productive capital are three terms-each one of which constitutes the middle-term of the other two: one can thus identify the exact correspondence between the two systems of relations. Social capital thus defined is a triple autonomous movement. It is a movement of valorisation, conservation and auto-critique/self-control of value. Capital thus conceived is an autonomous organisation of rhythms, and the crisis of the social organism is a kind of 'arrhythmia', that is, momentary disturbance of the system's coherence.

Keywords: Capital; commodity capital; formal circuits; functional circuits; money capital; productive capital; social capital



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