Fred Moseley is Emeritus Professor of Economics at Mount Holyoke College, USA, and author most recently of Money and Totality: A Macro-Monetary Interpretation of Marx’s Logic in Capital and the End of the ‘Transformation Problem (2017).
Chapter 1 is the most important chapter in Capital, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called “value-form interpretation” of Marx’s theory in general and Chapter 1 in particular.
Chapter 1 is the most important chapter in Capital, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called “value-form interpretation” of Marx’s theory in general and Chapter 1 in particular.