Fundamentals of a science of capital and bourgeois society: Marxian notions of value, prices, and the structure of time

Abstract

This chapter gives an interpretation of basic elements of Marx's scientific method, focusing on his exposition in the first edition of the first chapter of Capital I. It can be shown that Marx's critique of political economy rests on fundamentals that are traceable in many a philosophical endeavor. This goes especially for categories and concepts relating to the theory of science and epistemology formulated in earlier German philosophy dating back to Kant. I try to demonstrate that such fundamental categories, expressed through our basic thought determinations – universality, particularity, and individuality – are developed through the judgmental and syllogistic forms of logic common to Marx and his immediate predecessors inside philosophy – thinkers as relevant in the modern world as they were in the adolescence of capitalism. Furthermore, I want to show how the concept of time is crucial in uniting the thought-determinations in question. The investigation tries to make it clear that the scrutiny of social forms of thought pursued by Marx amounts to a valid, immanent criticism of all the fundamentals of traditional bourgeois theory of science and economics. To this effect, the chapter evaluates some characteristics of the philosophies of Kant and Hegel. Also, to clarify the profundity of Marx's thinking and the thoroughness of his analysis, I go back to some of the philosophical ideas which were starting points for men like Kant and Hegel, especially in the form that we meet them in the classical political philosophy of Hobbes.

Citation

Sandemose, J. (2010), "Fundamentals of a science of capital and bourgeois society: Marxian notions of value, prices, and the structure of time", Zarembka, P. (Ed.) The National Question and the Question of Crisis (Research in Political Economy, Vol. 26), Emerald Group Publishing Limited, Leeds, pp. 253-299. https://doi.org/10.1108/S0161-7230(2010)0000026009