Capital, credit and the business cycle in Marx

The purpose of this paper is to identify two inconsistencies that are found in the third chapter of Marx’s Das Kapital, dedicated to the study of credit. In the first one Marx states that the distinction between commercial and bank credit is only nominal, but he resorts to it in order to provide an...

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Detalles Bibliográficos
Autores: Zaratiegui, Jesús M., Manterola, Mikel
Tipo de recurso: artículo
Fecha de publicación:2018
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/18686
Acceso en línea:https://hdl.handle.net/20.500.14352/18686
Access Level:acceso abierto
Palabra clave:B14
B31
B51
Marx
Inconsistency
Bank credit
Money capital.
Inconsistencia
Crédito bancario
Capital dinero.
Historia económica
Teorías económicas
5506.06 Historia de la Economía
5307 Teoría Económica
id ES_eef2f2ae6180ca5d84125178b317ad7e
oai_identifier_str oai:docta.ucm.es:20.500.14352/18686
network_acronym_str ES
network_name_str España
repository_id_str
spelling Capital, credit and the business cycle in MarxCapital, crédito y ciclo de negocios en MarxZaratiegui, Jesús M.Manterola, MikelB14B31B51MarxInconsistencyBank creditMoney capital.InconsistenciaCrédito bancarioCapital dinero.Historia económicaTeorías económicas5506.06 Historia de la Economía5307 Teoría EconómicaThe purpose of this paper is to identify two inconsistencies that are found in the third chapter of Marx’s Das Kapital, dedicated to the study of credit. In the first one Marx states that the distinction between commercial and bank credit is only nominal, but he resorts to it in order to provide an explanation for the nineteenth century crisis in England, thus implying that the distinction was not only nominal, but real. The second inconsistency is noticed between Marx’s statement that real and money capital move in opposite directions during the trade cycle (without an explanation of how it is possible), and the second book of The Capital where Marx states that capital in the form of money and real capital must move in the same directions during the business cycle.Universidad Complutense de MadridUniversidad Complutense de Madrid20182018-01-0120182018-01-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/20.500.14352/18686reponame:Docta Complutenseinstname:Universidad Complutense de Madrid (UCM)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-CompartirIgual 3.0 Españahttps://creativecommons.org/licenses/by-nc-sa/3.0/es/info:eu-repo/semantics/openAccessoai:docta.ucm.es:20.500.14352/186862026-06-02T12:44:21Z
dc.title.none.fl_str_mv Capital, credit and the business cycle in Marx
Capital, crédito y ciclo de negocios en Marx
title Capital, credit and the business cycle in Marx
spellingShingle Capital, credit and the business cycle in Marx
Zaratiegui, Jesús M.
B14
B31
B51
Marx
Inconsistency
Bank credit
Money capital.
Inconsistencia
Crédito bancario
Capital dinero.
Historia económica
Teorías económicas
5506.06 Historia de la Economía
5307 Teoría Económica
title_short Capital, credit and the business cycle in Marx
title_full Capital, credit and the business cycle in Marx
title_fullStr Capital, credit and the business cycle in Marx
title_full_unstemmed Capital, credit and the business cycle in Marx
title_sort Capital, credit and the business cycle in Marx
dc.creator.none.fl_str_mv Zaratiegui, Jesús M.
Manterola, Mikel
author Zaratiegui, Jesús M.
author_facet Zaratiegui, Jesús M.
Manterola, Mikel
author_role author
author2 Manterola, Mikel
author2_role author
dc.contributor.none.fl_str_mv Universidad Complutense de Madrid
dc.subject.none.fl_str_mv B14
B31
B51
Marx
Inconsistency
Bank credit
Money capital.
Inconsistencia
Crédito bancario
Capital dinero.
Historia económica
Teorías económicas
5506.06 Historia de la Economía
5307 Teoría Económica
topic B14
B31
B51
Marx
Inconsistency
Bank credit
Money capital.
Inconsistencia
Crédito bancario
Capital dinero.
Historia económica
Teorías económicas
5506.06 Historia de la Economía
5307 Teoría Económica
description The purpose of this paper is to identify two inconsistencies that are found in the third chapter of Marx’s Das Kapital, dedicated to the study of credit. In the first one Marx states that the distinction between commercial and bank credit is only nominal, but he resorts to it in order to provide an explanation for the nineteenth century crisis in England, thus implying that the distinction was not only nominal, but real. The second inconsistency is noticed between Marx’s statement that real and money capital move in opposite directions during the trade cycle (without an explanation of how it is possible), and the second book of The Capital where Marx states that capital in the form of money and real capital must move in the same directions during the business cycle.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-01-01
2018
2018-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.14352/18686
url https://hdl.handle.net/20.500.14352/18686
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-CompartirIgual 3.0 España
https://creativecommons.org/licenses/by-nc-sa/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-CompartirIgual 3.0 España
https://creativecommons.org/licenses/by-nc-sa/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad Complutense de Madrid
publisher.none.fl_str_mv Universidad Complutense de Madrid
dc.source.none.fl_str_mv reponame:Docta Complutense
instname:Universidad Complutense de Madrid (UCM)
instname_str Universidad Complutense de Madrid (UCM)
reponame_str Docta Complutense
collection Docta Complutense
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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