2010Nanjing Hangkong Hangtian Daxue xuebaoRequires access

Reading of Karl Marx's Three Levels of Capital

Dan Xu

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Abstract

Commodity,currency,and capital are three different theoretical layers of economics,among which,currency is the realization of commodity,whereas capital is the result of currency.From commodity and currency,Marx finds out alienation and materialization respectively.Furthermore he arrives at an conclusion that only from the perspective of capital,which enables the capitalist bloody exploitation upon proletariat,can the complicated capitalist production flow be disassembled to reach out for the intrinsic contradiction of the capitalist society.On the basis of the progressive approaches to the three essential factors of economics,Marx comes to his judgment and analysis on the internal mechanism of the capitalist society.The acquisition of the Marx′s definition of capital concerns how to deal with the capital in the socialist market economy,especially during post financial crisis period,and it is helpful for us to have an insight into the problems of capital in socialist market economy.It is advisable to allow the existence of the current situation as well as to treat the social capital with critical eyes presently.

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Commodity,currency,and capital are three different theoretical layers of economics,among which,currency is the realization of commodity,whereas capital is the result of currency.From commodity and currency,Marx finds out alienation and materialization respectively.Furthermore he arrives at an conclusion that only from the perspective of capital,which enables the capitalist bloody exploitation upon proletariat,can the complicated capitalist production flow be disassembled to reach out for the intrinsic contradiction of the capitalist society.On the basis of the progressive approaches to the three essential factors of economics,Marx comes to his judgment and analysis on the internal mechanism of the capitalist society.The acquisition of the Marx′s definition of capital concerns how to deal with the capital in the socialist market economy,especially during post financial crisis period,and it is helpful for us to have an insight into the problems of capital in socialist market economy.It is advisable to allow the existence of the current situation as well as to treat the social capital with critical eyes presently.

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Commodity,currency,and capital are three different theoretical layers of economics,among which,currency is the realization of commodity,whereas capital is the result of currency.From commodity and currency,Marx finds out alienation and materialization respectively.Furthermore he arrives at an conclusion that only from the perspective of capital,which enables the capitalist bloody exploitation upon proletariat,can the complicated capitalist production flow be disassembled to reach out for the intrinsic contradiction of the capitalist society.On the basis of the progressive approaches to the three essential factors of economics,Marx comes to his judgment and analysis on the internal mechanism of the capitalist society.The acquisition of the Marx′s definition of capital concerns how to deal with the capital in the socialist market economy,especially during post financial crisis period,and it is helpful for us to have an insight into the problems of capital in socialist market economy.It is advisable to allow the existence of the current situation as well as to treat the social capital with critical eyes presently.

Key concepts: Economics, Proletariat, Capital (architecture), Currency, Neoclassical economics, Financial capital, Commodity, Alienation

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