by Tom Walker Econospeak Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.3  Inversion Marx stated repeatedly in the Grundrisse that capital inverts the relationship between necessary and superfluous labour time. Capital both creates disposable time and expropriates it in the form of surplus value, reversing the nature-imposed priority of necessity […]

By Tom Walker Econospeak Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.4 Marx’s remarkable, yet largely neglected statement that “[t]he whole development of wealth rests on the creation of disposable time” and his subsequent analysis of the relationship between disposable time, superfluous products, and surplus value suggests an […]

 by Tom Walker Econcospeak Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.5 Pauperism and “minus-labour” “It is already contained in the concept of the free labourer, that he is a pauper…“ Pauperism and surplus population play brief but strategic roles in the Grundrisse, appearing in the three fragments on […]

by Tom Walker Econospeak Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.6 From sufficiency to planned obsolescence… and back? In the Grundrisse, Karl Marx argued that capital’s response to the barrier to increasing production posed by satiated consumption took three paths: promoting greater consumption of existing products, expanding […]

by Tom Walker Econospeak Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.7 The revolutionary class “The working class is either revolutionary or it is nothing,” Marx wrote to German politician J.B. von Schweitzer and copied “word for word” in a letter to Engels. In The Manifesto of the Communist […]

Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.8 by Tom Walker Econospeak In “The Trinity Formula,” in chapter 48 of volume 3 of Capital, Marx returned to the contradiction between the forces and relations of production. This time, however, it was not to deplore or analyze the fetters but […]

Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.9 by Tom Walker Econospeak Framing the revolution as being about disposable time brings Marx closer to Walter Benjamin’s remark about revolution being “the act by which the human race traveling in the train applies the emergency brake.” Benjamin’s “On the […]

Tom Walker or Sandwichman (many of us know him as) has a series of articles I am going to post to Angry Bear. Tom spends much of his time discussing Labor and its value to capital or what I would call manufacturing. Without Labor input there would be no value. Leisure to Attend to Our […]

– By Tom Walker “The Unknown Unknown Marx,” EconoSpeak Toward the end of his 1968 essay, “The Unknown Marx,” Martin Nicolaus quoted Marx’s enumeration of four barriers to production under capital that “expose the basis of overproduction, the fundamental contradiction of developed capital.” Nicolaus qualified what Marx meant by overproduction to be “[not] simply ‘excess inventory’; […]

Labour power as a common-pool resource: in memory of Paul Burkett Human mental and physical capacities to work have elastic but definite natural limits. Those capacities must be continuously restored and enhanced through nourishment, rest, and social interaction. Over the longer term that capacity for labour also has to be replenished by a new generation […]