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Financialization and the Contradictory Unity Between the Real and Financial Dimensions of Capital Accumulation

  • Paulo Nakatani
  • Adriano Lopes Almeida Teixeira
  • Helder Gomes
Chapter
Part of the Marx, Engels, and Marxisms book series (MAENMA)

Abstract

Here, Nakatani, Teixeira, and Gomes rigorously expose the co-pertinence and the contradictions between “real” capital and monetary capital in order to highlight their specificities in contemporary capitalism. To achieve this, the authors unpack the concept of capital, in general, and its metamorphoses under autonomous functional forms, putting emphasis on the monetary capital form and its reproduction in the credit system. Thereby is established the foundation of the concept of interest-bearing capital and its fictitious forms, articulated to the analysis of the circulation of the total social capital exposed in the second volume of Capital. Under such a theoretical framework, the elementary ways in which the functional forms of capital manifest themselves in effective reality are unveiled.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Paulo Nakatani
    • 1
  • Adriano Lopes Almeida Teixeira
    • 2
  • Helder Gomes
    • 3
  1. 1.Department of Economics and Post-Graduate Programme in Social PolicyFederal University of Espírito Santo (UFES)VitóriaBrazil
  2. 2.Department of EconomicsFederal University of Espírito Santo (UFES)VitóriaBrazil
  3. 3.Post-Graduate Programme in Social Policy, Federal University of Espírito Santo (UFES)VitóriaBrazil

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