Last year, I did a rather hasty reading of the chapter on circulation work in Capital, Chapter six. In thinking about homo economicus, I’ve returned to chapters five through seven and thought more seriously about Marx’s analysis – his counter-magic - here. For Marx, in writing these chapters, is taking aim at an idea that took root in Mill and has now blossomed, abundantly, in every apology for the insane incomes of CEOs that one finds strewn across the pages of the mainstream economists today. Marx, in one of those dense/light passages in which he specialized (in which the heavy machinery of his concepts seems, at the same time, to be making the moves like Fred Astaire showboating), wrote, in Chapter 5: The circulation time [Umlaufszeit – orbital time] of Capital thus puts limits overall on its production time, and thus its valorization process. And actually it puts these limits on the latter in relation to its own duration. [-R:that is, the duration of circulation time] This can vary
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