Money, Interest and Finance in Marx’s Capital

  • Suzanne de Brunhoff

Abstract

According to Marx, money capital, lent by its capitalist owner to an industrial capitalist, is ‘potential capital’. Interest payments made by borrowers to lenders are part of the global surplus value produced by labourers and appropriated by capitalists. There is no law of division of surplus value between profit and interest, no natural interest. Interest-bearing capital becomes a commodity sui generis. Its market price, the interest rate, is an irrational form of price. As a market price, the interest rate seems to arise from money capital as its own independent source.

Keywords

Income Stake Univer Monopoly Fetishism 

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1998

Authors and Affiliations

  • Suzanne de Brunhoff

There are no affiliations available

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