Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 26 January 2021

Abstract and Keywords

Capital is the fundamental concept of modern social theory because capital is the foundation of bourgeois society. Unlike produced means of production, capital is a specific social form of production. A vast gulf separates Marx from the mainstream notion that capital is produced means of production. Inattention to production’s social form, a feature of the “bourgeois horizon,” shackles social theory: it puts capital out of sight. Capital is value whose value is increased. Value is enigmatic; a strange, “supersensible” social form of wealth, it results from commodity-producing labor. The topic of labor’s social form falls outside economics. Capital shapes and subsumes society in various ways. Marx identifies several forms of subsumption: formal, real, and ideal, as well as “hybrid forms.” Commerce makes capitalist society appear classless; however, capital presupposes a class division of the means of production and subsistence. Crises are seeded in the dichotomous character of commodities.

Keywords: capital, value, money, social form, subsumption, bourgeois horizon, class, crisis

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.