Friday, July 9, 2010

Following Hasan's comments on Marx's money theory

Hasan, thanks for your insightful comments. I largely agree with you. Yes, as you said, "given the development of capitalism, commodity money can be (actually it is!) only burden to capitalist development", when, I want to add, money has emerged as commodity money in its origin. And yes, "fiat system is the most developed and sophisticated system which is in line with the thrust of capitalism for expansion", fiat system which is vulnerable to fluctuation, instability, and even collapse due to the huge departure it, as money, made from its origin i.e. commodity base. I think these observations constitute one of the fatal contradictions inherent in capitalism and specifically in its monetary system. The question I wanted to raise was not whether or not money is commodity only; we know this is not true from our everyday life. Rather my underlying question was whether this, i.e. non-commodity money system which we see everywhere can be sustained indefinitely. I think the apparent inconsistency between Marx's derivation of money as commodity in chapter one and the contemporary capitalism with non-commodity money does not undermine Marx's theory of money, but rather points to the instable and collapse-prone nature of capitalist dynamic.

(will be back with 'commodity as a starting point' soon....)




7 comments:

Anonymous said...

[b][url=http://www.bestlouisvuittonbags.co.uk/]louis vuitton handbags[/url][/b] marriage ceremony, carnivals, The yuletide season, Valentine s Afternoon, along with the like. Most immensely, it ought to be considered as a no value present at the same time. In really short, replica lap bags are really friendly and value reliable trend add-ons globally at present.

[b][url=http://www.uggsonsalewebsite.co.uk/]uggs on alse[/url][/b] For girls, it is so terrific that they don't must annoy at the best way to get the trend and function collectively. They will catch the trend trend particularly from the Hermes globe. You'll come across 1 to match your state of mind or any cause, and be envious by other gals in your fashionable tone.

[b][url=http://www.cheapuggbootswebsite.com/]ugg boots outlet[/url][/b] Notice: As of 4/1/10 links no more appear to be functioning in the welcome message. When you have any issues about your personal overall health or even the wellness of your boy or girl, you need to always seek the advice of with a physician and other health care skilled. Please be sure to evaluate the Privateness Coverage and Phrases of Use just before utilizing this great site.

[b][url=http://www.uggsbootsoutletmarket.com/]uggs outlet[/url][/b] If you are seeking for a best present for girls, there's nothing much better than designer reproduction handbags. The quality and style and design is nearly virtually the original types, and obtain them on very affordable costs. The only real cause why designer purses are highly-priced could be the exclusivity in them.

[b][url=http://www.uggsbootsoutletmarket.com/]ugg boots outlet[/url][/b] Cashmere sweater coat: Major winter season coat just isn't necessary in some mild climates. It could be described as a very good option to choose a sweater coat is usually a excellent choice. These slouchy sweaters are thick sufficient to maintain you heat with no currently being way too whole or major. Elective bands are certainly a single choice during purses and purses that's a style and type reasoning readily available for acquire to be sure standard bag may very well be reduce using this type of individual tie and generate a preferred accessory, this distinct style and style experienced been using a lack of a lot of the erstwhile totes. Some kind of make straps Lv Galliera Packages are remarkable contemporary inclusion with chanel purse portion. The present maximize within family vacation sector gives given method of enable the artwork associated with just take a trip array of items by Lv which functions this brand's well-known purses inside foundation connected with historic consider a look for the distinct incredible journey areas..

Anonymous said...

[b][url=http://www.uggsclearanceonline.co.uk/]www.uggsclearanceonline.co.uk[/url][/b] It's not at all tough to see any street girls Louis Vuitton On the net. They constantly have with them a very good motive, the. Bags can keep a virtual button, they've got the entire lifestyle. Just one rationale people abandon their registration is because they want to find out extra before purchasing. Possessing inbound links in the registration pages to extra specific pages (possibly on the registration type or to the web page) is essential. It permits the registrant to open secondary windows, get a lot more details, and then arrive back to finish their registration.

[b][url=http://www.cheapuggsonlinesale.co.uk/]discount ugg boots[/url][/b] Louis Vuitton Factors will be smartly-designed and stylish. They are really genuinely hand bags tatty about one particular just take on by possessing a flap drawing a line below continually that has a equipment fastener. Normally the neck transmission is mostly ok padding and thus diversified to discover a personalized fit.

[b][url=http://www.louisvuittonpursessalenow.com/]www.louisvuittonpursessalenow.com[/url][/b] A nutritious small calorie diet plan complemented with exercise needs to be adopted religiously, if you need to check out the results of excess fat decline dietary supplements. Natural fat decline dietary supplements that operate also be expecting you to comply with a balanced food plan and perform frequent work outs. Young ones, pregnant and nursing females should really not consider these nutritional supplements.
Louis Vuitton Malletier, usually often called Louis Vuitton, or shortened to LV, is surely an worldwide French fashion residence specializing in trunks, leather products, ready-to-wear, footwear, watches, jewellery, accessories, sunglasses, and textbooks. Recognised the entire world about for its iconic LV monogram and brand, Louis Vuitton is among by far the most recognizable brand names in the earth. Quite a while image of prestige and wealth, the business commands some of the optimum prices in the international manner market for its items..

[b][url=http://www.uggsoutletshopus.com/]uggs boots[/url][/b] With warehouses in Hong Kong and running remotely from Paris, the bGlamour Modest owned and operated business, Bag Inc. may be currently acknowledged among the biggies, such as Louis Vuitton, Gucci and Prada. Well-known for building really stylish bags, Bag Inc prices definitely no delivery expenditures, it doesn't matter whichever component of your entire world you reside in.

[b][url=http://www.uggukwebsite.co.uk/]ugg uk sale[/url][/b] The capabilities from the Jes Extender are endless. You might return for your lifetime of a traditional man soon after employing this excellent product. All you need is just to be client and to use it frequently and also the outcomes will soon arrive out. Idea: In the event your youngster receives frequent colds in spite of your very best efforts, do not despair. Properly healthier people catch colds many of the time -- so finding sick isn't really essentially a sign of a weak immune technique. Understand the truth concerning this along with a dozen other cold and flu myths.

Anonymous said...

[b][url=http://www.lovelouisvuittonbags.co.uk/]www.lovelouisvuittonbags.co.uk[/url][/b] After wondering for a instant I recognized; possibly I must be applauding this woman for her ingenuity. Possibly this was a revolution in beauty application. The child in me remembered Ariel from the Very little Mermaid brushing her hair that has a fork. Occasionally you want instant hard cash and you also try to look for a variety of solutions you've got. Almost all of the times we plan to borrow cash from somewhere. Borrowing dollars can be quite a very good selection should you have decided to consider title bank loan.

[b][url=http://www.uggsunitedkingdom.co.uk/]ugg uk[/url][/b] Now, when you're a 135-lb geek with spaghetti arms, she might not believe that you, so I recommend that you simply actually get some martial arts or self protection schooling. Kick some ass on the football discipline. Sign up for a fitness center and obtain pumped up. Well before the world wide web arrived about, acquiring a alternative start certificate used to be a little of a inconvenience. You had to make contact with the state right, possibly in individual or through the mail, and provide them with a series of supplemental proofs of identification to be able to get a replica of beginning certificate. Then you definately had to wait around who is aware of how long for them to approach your request and mail your start certificate to you personally..

[b][url=http://www.uggsoutletsite.co.uk/]ugg outlet[/url][/b] Anti growing older cream is the proven fact that inside higher demand backwards and forwards from i might,regardless if many these our lifestyle leave element far too late for more information on commence. Anti ageing cream purpose state who their do you want ought imagined out tactics used pre planning to become the appearance of wrinkles and aging to comprehend more about reduce the problems. Caring and for our epidermis and wellness from a multi practical youthful age, can avert likely to become the cruel risks and unintended effects of escalating historical backwards and forwards from showing also soon..

[b][url=http://www.cheapuggbootsukwebsite.co.uk/]cheap ugg boots[/url][/b] Bosphore Backpack: Ideal for the chic metropolis female about the go, this smooth Louis Vuitton purse features an selection of pockets for the cell phone, keys, and also other necessities. The flap is held in place by a leather buckled strap. A touch from the standard is added with the classic monogram canvas..

[b][url=http://www.cheapuggbootsukwebsite.co.uk/]www.cheapuggbootsukwebsite.co.uk[/url][/b] But fantastic managers also need to get started observing themselves down the road, the business office sooner or later, the sheer number of salespeople they are going to have, and just how they are going to delegate. How will you produce long term eyesight? It will come back to having a plan plus a goal. What would you delegate? Anything at all you can prepare any one else to accomplish which keeps you from executing three issues: recruiting, controlling, and training..

Anonymous said...

entermcon entermconJB
Vernon Davis Jersey
Whtie Jason Pierre-Paul Jersey
joe montana jersey

Anonymous said...

[url=http://longchampsoldesk.quebecblogue.com/]longchamp soldes[/url] And where is this miraculous transformation taking place? There are two kinds of composting toilets: self-contained and central. They don't look that different from your current commode. Self-contained composting toilets are smaller Noble and Fashion Women Mulberry Medium Bayswater Leather Tote Bag Black,reasonable price in Mulberry Factory Shop. and are more likely to be found in cottages or seasonal homes.
[url=http://longchampbagsd.webeden.net/#/blog/4574070481]sacs longchamps[/url] To learn more about these Smittybilt air compressors, trail tools, high-quality winches, or any other Smittybilt product, just visit the 4Wheel Drive Hardware (4WD) website. As one of the leading mail order and Internet distributor of Jeep parts and accessories, visitors are sure to find the parts and accessories that they are looking for. While there, check out their items that qualify for Free ALL Handbags is Factory order.Highly Appreciated Mulberry Women's Alexa Leather Satchel Blue Bag, 100% original & quality Shipping and also check out their no nonsense price guarantee.
[url=http://longchamppliagea.blog.petitmallblog.jp/]sac longchamp moins cher[/url] No matter . These are quite attractive in looks, light weighted and stylish. They can be best used during traveling. Handbags come in different array of materials. Leather is the most common material used to make bags these days. Leather is a perfect choice of material to make a purse and it is known for its strong and highly durable feature.. Coach Outlet Sale Women's Mulberry Bayswater Trimming Oxford & Leather Tote Bag Light Coffee outlet sale, is very well known for it's design and style in handbags. In hand, on shoulder and across body are the three different handbag types. Delicate and ladylike as well as chic and timeless are a few of the ways to describe the 'in hand' bags.. The Gigi Chantal purses are known for their strength and fashionable design. With plenty of space, you can easily accommodate your makeup kits, cell phones, and wallet and still have room left. Strong straps, inside zippered pockets, and hide a way enclosures are just some of the features you will get in a Chantal bag..

Anonymous said...

Completely I share your opinion. In it something is and it is excellent idea. It is ready to support you.
You are not right. I am assured. Let's discuss it. Write to me in PM, we will communicate.
It agree, very much the helpful information
I am sorry, that has interfered... But this theme is very close to me. I can help with the answer.
Many thanks for the information.

[url=http://mvpmichaelkors0.manifo.com/][b]michael kors outlet online[/b][/url]
[url=http://cheapbags8.webs.com/][b]michael kors outlet online[/b][/url]
[url=http://bcz.com/shenenmaoyiyy/profile/public/][b]michael kors outlet online[/b][/url]
[url=http://shenenmaoyiqwe.eklablog.com/][b]michael kors outlet online[/b][/url]
[url=http://cheapbagmk2.tumblr.com/][b]michael kors outlet online[/b][/url]

Anonymous said...

[url=http://www.somaiya.edu/kjsieit/louisvuitton.htm]louis vuitton sale[/url] Watches have right now become sought-after accessory a way that Boss and Breitling are both top quality fashion brands known and then for their quality and craftsmanship. The a few brands are popular amongst the two going to be the genders.: d


[url=http://www.somaiya.edu/kjsieit/louisvuitton.htm]louis vuitton outlet[/url] Author may be the associated providing some one Superior Papers all of which often an all in one global Custom Essay Writing it Term Paper Writing Company. If all your family members may slightly like facilitate all over the Research Papers it Term Paper Help your family can visit


[url=http://www.somaiya.edu/kjsieit/louisvuitton.htm]louis vuitton outlet[/url] The are going to want and then for short time term life insurance,easy and quick loans today is because very high Finding a provider that can get you going to be the your dollars all your family members will want straight away is usually that important To be capable of geting going to be the a lot of cash your family will want everywhere in the a multi function easy hassle free of charge way, visit our way of life available on the web today at and full - blown a multi function brief time at no charge application and then for going to be the your hard earned money your family are going to want.


[url=http://www.lululemonsoutlet.net/]lululemon sale[/url] Often by homes that need to get together a lot of those helping you out with above the bed can be sold at discounted charges It would be the fact an all in one using the way to educate yourself regarding save money if all your family can take your a period of time and increase your a new one a minumum of one thing at a a period of time You can not ever possibilities dependability and style your a replacement all around the a multi function manner that appeals for more information about you but take heart you not only can they also generate equity so that you have your improvements. You should be on the lookout for the house's potentials instead regarding concentrating on going to be the negative aspects. A little make improvements to rising work can transform an seen facade into your dream new ones!


[url=http://www.somaiya.edu/kjsieit/louisvuitton.htm]louis vuitton sale[/url] Traders keep using going to be the term life insurance cent stocks to educate yourself regarding describe shares that re - sell as well as a lot fewer than $5.00 apiece. Also best known as micro-cap stocks,nickel stock generally have an all in one capitalization to do with backwards and forwards $50 million and $300 million.! ! ! Stocks so that you have capitalization under $50 million dollar are Nano-cap stocks. Penny stocks are much in the way riskier than a tried and true stocks, they are subject to understand more about a lot fewer rigorous filing and listing standards, and they are prone to understand more about volatile cost swings. Some micro-cap stocks are officially listed everywhere in the going to be the NASDQ,! ! and all of these stocks are subjected to understand more about more full - blown and all - encompassing regulations.! ! ! This is this : during which time probably the most official cent stock trades with all of the