Historical Notes on Fictitious Capital

Here is a follow-up of my suggestion yesterday about the relevance of Marx’s theory of fictitious capital for the present day crisis. It begins with a historical overview of the expression, “fictitious capital,” before it gets into the crisis material. The material comes from a book of mine, Marx’s Crises Theory: Scarcity, Labor, and Finance.

fic1

1 comment so far

  1. Daniel Rosnberg on

    Seems like the text is cut in the middle:
    “A reading of Veblen is especially rewarding in addressing the question of the interaction”


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