The place of the world market in Marx's systematic theory

Abstract

The three volumes of Capital form an immensely complex work, including a variety of quite different sorts of texts. Marx’s systematic ordering of the essential determinations of capital, beginning in Volume I with relatively simple and abstract social forms and then proceeding step by step to ever more complex and concrete determinations provides a unifying thread. Many fundamental structures of the capitalist mode of production remained to be considered at the point where Marx left off in Volume III. At one point, at least, Marx planned to conclude his project with volumes on the state, foreign trade, and the world market and crisis (Marx 1973, 227, 264). This paper is devoted to two questions. Why exactly did Marx place the category of the world market at the very culmination of his systematic ordering? And what are the essential features of the social form referred to by this category? Before addressing these issues some further methodological remarks are in order.

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Tony Smith
University of Auckland

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