7 1 0 2 l i r p A 2 2 7 4 : 8 0 t a ] y t i s r e v i n U s e t a r i m E b a r A d e t i n U [ y b d e d a o l n w o D Capitalism 7 1 0 2 l i r Ap In the most complete, accurate and accessible presentation of Karl Marx’s 2 theory of capitalism to date, Johan Fornäs presents a guide for anyone who 7 2 wants to understand how today’s crisis-ridden society has emerged and is able 4 to sustain and intensify its own deep inner contradictions. Capitalism clearly : 8 0 explains these contradictions, which are so relevant again today in the wake of at the financial crisis. ] Thisclearandengagingguideexplainscapitalismforabsolutebeginners.Fornäs y it situates Marx’s ideasin context, remainingfaithful tothe conceptsand structure s er of his work. This complete introduction to Marx’s economy critique covers all v i threevolumesofCapital.ItexploresallthemainaspectsofMarx’swork–including n U his economic theory, his philosophical sophistication and his political critique – es introducing the reader to Marx’s typical blend of sharp arguments, ruthless t a social reportage and utopian visions. r i m This book will be of interest to students throughout the social sciences E and humanities, including those studying sociology, social theory, economics, b a business studies, history, cultural studies and politics. r A d Johan Fornäs is Professor of Media and Communication Studies at Södertörn e it University in Stockholm and Editor of Culture Unbound: Journal of Current n U Cultural Research. His books include Cultural Theory and Late Modernity (1995), [ y In Garageland (1995), Digital Borderlands (2002), Consuming Media (2007) and b d Signifying Europe (2012). e d a o l n w o D Routledge Advances in Sociology 1 Virtual Globalization 12 After theBell Virtualspaces/tourist spaces Educational success,publicpolicy EditedbyDavidHolmes andfamilybackground EditedbyDaltonConley and 7 2 TheCriminal SpectreinLaw, KarenAlbright 1 Literature and Aesthetics 0 2 PeterHutchings 13 Youth Crime and Youth Culture l intheInner City i pr 3 Immigrants and National Identity BillSanders A inEurope 2 AnnaTriandafyllidou 14 Emotions and SocialMovements 2 7 EditedbyHelena FlamandDebraKing 4 4 Constructing Risk and Safety in 8: Technological Practice 15 Globalization, Uncertaintyand 0 t EditedbyJaneSummertonandBoelBerner Youth inSociety a EditedbyHans-Peter Blossfeld,Erik y] 5 Europeanisation, National Klijzing,Melinda MillsandKarinKurz it Identities andMigration s er Changesin boundaryconstructions 16 Love,HeterosexualityandSociety v betweenWesternandEasternEurope PaulJohnson i n Willfried Spohnand U s AnnaTriandafyllidou 17 Agricultural Governance e Globalization andthenewpolitics at 6 Language, IdentityandConflict ofregulation r mi Acomparative studyof languagein EditedbyVaughanHigginsand E ethnic conflictinEuropeand Eurasia GeoffreyLawrence b DiarmaitMacGiolla Chríost a r 18 Challenging Hegemonic A 7 ImmigrantLife intheU.S. Masculinity d Multi-disciplinary perspectives Richard Howson e it EditedbyDonnaR.Gabaccia and n U ColinWayneLeach 19 SocialIsolationinModernSociety [ RoelofHortulanus, AnjaMachielse and y 8 Rave Cultureand Religion LudwienMeeuwesen b d EditedbyGrahamSt. John e 20 Weberand thePersistenceof d a 9 Creation andReturns ofSocial Religion o l Capital Socialtheory, capitalismandthesublimelg n w Anewresearch program JosephW.H.Lough o EditedbyHenkFlap andBeateVölker D 21 Globalization, Uncertaintyand 10 Self-Care Late CareersinSociety Embodiment, personalautonomy and EditedbyHans-Peter Blossfeld, theshapingofhealth consciousness Sandra BuchholzandDirkHofäcker Christopher Ziguras 22 Bourdieu’sPolitics 11 MechanismsofCooperation Problemsandpossibilities WernerRaubandJeroen Weesie JeremyF. Lane 23 MediaBiasinReporting Social 35 TheCultureofWelfareMarkets Research? Theinternationalrecastingofpension Thecaseofreviewing ethnic andcaresystems inequalities ineducation IngoBode MartynHammersley 36 Cohabitation, Family andSociety 24 AGeneral TheoryofEmotions TizianaNazio and SocialLife Warren D.TenHouten 37 LatinAmericaandContemporary Modernity 7 25 Sociology, Religion and Grace Asociological interpretation 1 ArpadSzakolczai JoséMaurízio Domingues 0 2 l 26 Youth Cultures 38 Exploring theNetworkedWorlds i pr Scenes,subculturesand tribes ofPopular Music A EditedbyPaulHodkinson and Milieucultures 2 WolfgangDeicke PeterWebb 2 7 4 27 TheObituary asCollective 39 TheCultural Significanceofthe : 8 Memory Child Star t 0 BridgetFowler JaneO’Connor a y] 28 Tocqueville’sVirus 40 European Integration asanElite t si UtopiaanddystopiainWesternsocial Process er andpoliticalthought Thefailure ofadream? v i MarkFeatherstone MaxHaller n U s 29 JewishEatingand Identity 41 QueerPolitical Performance and e ThroughtheAges Protest t ra DavidKraemer Benjamin Shepard i m E 30 TheInstitutionalization ofSocial 42 Cosmopolitan Spaces b Welfare Europe, globalization,theory a r Astudyof medicalizingmanagement ChrisRumford A Mikael Holmqvist d e 43 Contexts ofSocialCapital it 31 TheRole ofReligion inModern Socialnetworksincommunities, n U Societies marketsand organizations [ EditedbyDetlefPollackand EditedbyRay-May Hsung,NanLin, y b DanielV.A.Olson andRonald Breiger d e 32 SexResearch andSexTherapy 44 Feminism, Domesticity and d a Asociological analysis ofMasters Popular Culture o l andJohnson EditedbyStacy GillisandJoanne n w RossMorrow Hollows o D 33 ACrisis ofWaste? 45 Changing Relationships Understanding therubbishsociety EditedbyMalcolmBrynin and MartinO’Brien JohnErmisch 34 Globalization and 46 Formaland Informal Work Transformations ofLocal Thehiddenworkregime inEurope Socioeconomic Practices EditedbyBirgitPfau-Effinger, EditedbyUlrikeSchuerkens LluisFlaquer andPerH.Jensen 47 Interpreting HumanRights 59 The Marketing of War in the Age Socialscienceperspectives ofNeo-Militarism EditedbyRhiannon Morganand EditedbyKostasGouliamos and BryanS.Turner Christos Kassimeris 48 ClubCultures 60 Neoliberalism and theGlobal Boundaries,identitiesandotherness Restructuring of Knowledge and SilviaRief Education StevenC.Ward 49 Eastern EuropeanImmigrant 7 Families 61 Social TheoryinContemporary 1 MihaelaRobila Asia 0 2 AnnBrooks l 50 People andSocieties i pr RomHarréanddesigning thesocial 62 Foundations ofCriticalMedia A sciences and Information Studies 2 LukvanLangenhove Christian Fuchs 2 7 4 51 Legislating Creativity 63 ACompanion toLifeCourse : 8 Theintersections ofartand politics Studies 0 t DustinKidd Thesocial andhistoricalcontext of a theBritishbirth cohortstudies ] y 52 Youth inContemporary Europe Michael WadsworthandJohnBynner t si EditedbyJeremyLeaman and er MarthaWörsching 64 Understanding Russianness v i Risto Alapuro,Arto Mustajokiand n U 53 Globalization and Pekka Pesonen s Transformations ofSocial e Inequality 65 Understanding ReligiousRitual t ra EditedbyUlrikeSchuerkens Theoretical approachesand i m innovations E 54 Twentieth CenturyMusic and the JohnHoffmann b Question ofModernity a r EduardoDe LaFuente 66 Online Gaming inContext A Thesocial andculturalsignificanceof d e 55 TheAmerican Surfer onlinegames it Radicalcultureandcapitalism GarryCrawford,VictoriaK.Goslingand n U KristinLawler BenLight [ y b 56 Religion and SocialProblems 67 ContestedCitizenship in d EditedbyTitusHjelm EastAsia e Developmental politics,national d a 57 Play,Creativity, and Social unity,andglobalization o l Movements Kyung-Sup Chang andBryanS.Turner n w IfIcan’tdance,it’snot o myrevolution 68 Agency withoutActors? D Benjamin Shepard Newapproachestocollectiveaction EditedbyJan-Hendrik Passoth, 58 Undocumented Workers’ BirgitPeukerandMichael Schillmeier Transitions Legal status,migration,andworkin 69 TheNeighborhoodintheInternet Europe Designresearch projectsin Sonia McKay,Eugenia Markovaand communityinformatics AnnaParaskevopoulou JohnM.Carroll 70 Managing OverflowinAffluent 80 Speaking for Animals Societies Animalautobiographical writing EditedbyBarbaraCzarniawska and EditedbyMargoDeMello OrvarLöfgren 81 HealthyAginginSociocultural 71 Refugee Women Context Beyondgenderversusculture EditedbyAndrewE.Scharlachand LeahBassel Kazumi Hoshino 72 Socioeconomic Outcomes ofthe 82 Touring Poverty 7 GlobalFinancial Crisis BiancaFreire-Medeiros 1 Theoretical discussionandempirical 0 2 casestudies 83 Life CoursePerspectives on l EditedbyUlrikeSchuerkens Military Service i pr EditedbyJanetM.Wilmoth and A 73 Migration inthe21stCentury AndrewS.London 2 Political economyand ethnography 2 7 EditedbyPauline Gardiner Barberand 84 Innovation inSocio-Cultural 4 WinnieLem Context : 8 EditedbyFraneAdamand 0 t 74 UlrichBeck HansWestlund a Anintroductiontothetheoryof ] y secondmodernityandtherisksociety 85 Youth, Artsand Education t si MadsP.SørensenandAllanChristiansen Reassembling subjectivitythrough er affect v i 75 TheInternational Recording AnnaHickey-Moody n U Industries s EditedbyLeeMarshall 86 TheCapitalist Personality e Face-to-face sociality andeconomic t ra 76 Ethnographic Researchinthe change inthepost-communist i m Construction Industry world E EditedbySarahPink,Dylan Tuttand Christopher S.Swader b AndrewDainty a r 87 TheCultureofEnterprise in A 77 Routledge Companionto Neoliberalism d e Contemporary JapaneseSocial Spectersofentrepreneurship it Theory TomasMarttila n U Fromindividualization to [ globalization inJapantoday 88 Islamophobia intheWest y b EditedbyAnthony Elliott, Measuringand explainingindividual d MasatakaKatagiriand AtsushiSawai attitudes e MarcHelbling d a 78 ImmigrantAdaptation in o l Multi-Ethnic Societies 89 TheChallenges ofBeingaRural n w Canada,Taiwan, andtheUnited Gay Man o States Copingwithstigma D EditedbyEric Fong,Lan-HungNora DeborahBrayPreston and Chiangand NancyDenton Anthony R.D’Augelli 79 Cultural Capital, Identity, and 90 GlobalJustice Activism and Social Mobility Policy ReforminEurope Thelifecourseofworking-class Understanding whenchange happens university graduates EditedbyPeterUtting,MarioPiantaand MickMatthys AnneEllersiek 91 Sociology oftheVisualSphere 97 Consuming Families EditedbyRegevNathansohn and Buying,making,producingfamilylife DennisZuev inthe21stcentury JoLindsay andJaneMaree Maher 92 Solidarity inIndividualized Societies 98 Migrant Marginality Recognition, justiceand good Atransnational perspective judgement EditedbyPhilipKretsedemas, Glenn SørenJuul JacobsandJorgeCapetillo-Ponce 7 93 Heritage intheDigital Era 99 Changing Gay MaleIdentities 1 Cinematictourismandtheactivist AndrewCooper 0 2 cause l RodanthiTzanelli 100 Perspectives onGenetic i pr Discrimination A 94 Generation,Discourse,andSocial Thomas Lemke 2 Change 2 7 KarenR.Foster 101 Social Sustainability 4 Amultilevel approachtosocial : 8 95 Sustainable Practices inclusion 0 t Socialtheoryandclimate change EditedbyVeronica Dujon,Jesse Dillard, a ElizabethShoveandNicola Spurling andEileenM.Brennan ] y t si 96 TheTransformative Capacityof 102 Capitalism er NewTechnologies Acompanion toMarx’seconomy v i Atheory ofsociotechnical change critique n U Ulrich Dolata JohanFornäs s e t a r i m E b a r A d e t i n U [ y b d e d a o l n w o D Capitalism ’ A companion to Marx s economy critique 7 1 0 2 l i r p Johan Fornäs A 2 2 7 4 : 8 0 t a ] y t i s r e v i n U s e t a r i m E b a r A d e t i n U [ y b d e d a o l n w o D Firstpublished2013 byRoutledge 2ParkSquare,MiltonPark,Abingdon,OxonOX144RN SimultaneouslypublishedintheUSAandCanada byRoutledge 711ThirdAvenue,NewYork,NY10017 RoutledgeisanimprintoftheTaylor&FrancisGroup,aninformabusiness ©2013JohanFornäs 7 TherightofJohanFornästobeidentifiedasauthorofthisworkhas 1 0 beenassertedbyhiminaccordancewithsections77and78ofthe 2 Copyright,DesignsandPatentsAct1988. l i r Allrightsreserved.Nopartofthisbookmaybereprintedorreproduced p A orutilisedinanyformorbyanyelectronic,mechanical,orothermeans, 2 nowknownorhereafterinvented,includingphotocopyingandrecording, 2 orinanyinformationstorageorretrievalsystem,withoutpermissionin 7 writingfromthepublishers. 4 8: Trademarknotice:Productorcorporatenamesmaybetrademarksor 0 registeredtrademarks,andareusedonlyforidentificationand t explanationwithoutintenttoinfringe. a y] BritishLibraryCataloguinginPublicationData it AcataloguerecordforthisbookisavailablefromtheBritishLibrary s r e LibraryofCongressCataloginginPublicationData v Fornäs,Johan,1952- i n Capitalism:acompaniontoMarx’seconomycritique/JohanFornäs. U p.cm.--(Routledgeadvancesinsociology;102) es Includesbibliographicalreferencesandindex. at 1.Capitalism.2.Marxianeconomics.3.Marx,Karl,1818-1883.I.Title. ir HB501.F64732013 m 335.4’12--dc23 E 2012043936 b a r ISBN:978-0-415-82342-5(hbk) A ISBN:978-0-203-55151-6(ebk) d e t TypesetinBembo i n byTaylor&FrancisBooks U [ y b d e d a o l n w o D Contents 7 1 0 l 2 List of figures xii i pr List of tables xiii A Acknowledgements xiv 2 2 7 4 1 Introduction 1 : 8 0 Why Marx today? 2 at This book 4 ] y it 2 Method 7 s r e Critique of political economy 8 v i Foundations of historical materialism 9 n U The limits of historical materialism 11 es Marx’s undogmatic method 13 t a Method and object of study 14 r i m Appearance and essence 15 E Reality 17 b a Abstract and concrete 19 r A Real abstractions 20 d Inquiry and presentation 21 e it Levels of abstraction 24 n U Dual character and dialectics 25 [ y b d 3 Commodity and money 29 e Commodity production 29 d a Commodities 31 o nl The dual character of labour 34 w Exchange in four steps 37 o D Functions of money 44 Commodity fetishism 48 4 From money to capital 56 Value in process 56 Labour-power 60 Ideology 66