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By Fred Moseley

This quantity explores the mostly unexamined query of the logical approach hired by means of Marx within the building of his fiscal thought in Capital.

The most crucial methodological concerns mentioned comprise the character and importance of dialectical good judgment, the relation among essence and visual appeal, the order of choice among combination financial magnitudes and person magnitudes, and the similarities among Marx's logical process and the tactic of Hegel.

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Marx's Method in Capital: A Reexamination

This quantity explores the principally unexamined query of the logical technique hired via Marx within the building of his fiscal concept in Capital.

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This is precisely the logic that must be understood in order to grasp what sets Marx's theory of value off from the Ricardian. THE NECESSITY OF MONEY 41 MARX'S CRITICISMS OF HEGEL'S LOGIC Though h e draws heavily o n Hegel's criticisms of conventional categories, Marx has a less optimistic understanding of the dialectic of essence than the one he attributes to Hegel. According to Marx, Hegel believes that the oppositions inherent in essence can be reconciled through the mediation of a third party: For example, the state can reconcile the antagonisms provoked by civil society.

9. 10. 11. TONY SMITH not to be faulted for pointing to such passages, for they are there. However, they are to be faulted for ignoring the fact that a reading making Marx a much more interesting and plausible thinker can also be easily provided. I believe that most Marxist critics of Hegel are to be faulted on similar grounds. Hegel is quite explicit regarding the historical specificity of his social theory: "Philosophy is its own time apprehended in thoughts. It is just as absurd to fancy that a philosophy can transcend its contemporary world as it is to fancy that an individual can overleap his own age" (Hegel 1 942, 1 1 ) .

I begin with a brief examination o f Hegel's section o n the concept (Begrif . This part of the Logic is divided into the subjective idea, the objective idea, and the absolute idea. Those who go to the chapter on the absolute idea looking for some sort of metaphysical supersubject will be disappointed; it consists entirely of an account of the dialectical method­ ology used in the Logic as a whole. The section on the objective idea dis­ cusses types of object realms. Adequate explanations of these realms take a 30 TONY SMITH syllogistic form: "Everything rational is a syllogism" (Hegel 1969a, 664) .

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