Reflections on the Economic Crisis. The Transcendental Character of Money: An Exposition of Karl Marx’s Argument in the Grundrisse

Nordicum-Mediterraneum, Vol. 5, No. 1 (March 2010) 5 (1) (2010)
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Abstract

An exposition of Karl Marx’s argument in the Grundrisse for the logical development of money, this essay is divided into three parts. Since Marx is concerned to distinguish himself and his method from that of the seventeenth century political economists, I begin my paper with a brief reflection on “the scientifically correct method” or the “theoretical method” (Grundrisse 101 and 102). The second part of this paper considers how Marx justifies beginning his reflection with the concept of production in general. To understand the importance that Marx attributes to production, one must also appreciate the way in which distribution, exchange, and consumption belong to the sphere of production. In the remaining pages of this section of my paper, then, I attempt to reconstruct Marx’s argument for the way in which these concepts (distribution, exchange, and consumption) are to be understood in relation to the sphere of production.

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J. F. Humphrey
North Carolina Agricultural and Technical State University

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