Michael Heinrich: Capital & Crisis – Actuality of Marx’s critique of political economy in the 21st century

Speech given by Michael Heinrich at 12th Subversive festival "Europe on the Edge – Towards New Emancipatory Imagination" Moderated by Stipe Ćurković.

February 13, 2020 — Links International Journal of Socialist Renewal via SkriptaTV — The first volume of Capital appeared more than 150 years ago. However, it didn’t just picture capitalism of 19 th century. Marx didn’t want to present a certain period of capitalist development, he claimed to present the capitalist mode of production in its “ideal average”, i.e. the core of capitalist relations, which are connected with any form of capitalism. I will discuss this claim especially with regard to value, money, crisis and class relations.

Michael Heinrich was Professor of Economics in Berlin. He published several books and articles on Marx’s Critique of Economics. His Introduction in the three volumes of Capital was translated in many languages, also in Croatian. Last year appeared the first volume of Karl Marx and the birth of Modern Society, a three-volume Marx-biography and study of the development of Marx’s work, English and French translations of this book will come soon.