The Time of Crises (and Cherries)

The Time of Crises (and Cherries) The title of the chapter, ‘Le Temps des crises (et cerises)’ is a pun ( crises rhymes with cerises ) that recalls the classic French song closely tied to the Paris Commune, ‘Le Temps des cerises’. Marx’s treatment of crises is similar to that of classes. He provides their determinations at the different logical moments of capital: its process of production, circulation, and reproduction. He does not formulate [ énonce ] a positive, coherent, and finished theory, but rather a negative theory, through successive approaches. 1 Capital’s Schizophrenia Marx’s excitement in the light of the American crisis of 1857 (the ‘Panic of 1857’) marked the feverish writing of the Grundrisse . Crisis appears in the text through the metaphor of madness. The schizoid tendencies of capital erupt into an open schizophrenia. The apparent unity of the commodity ‘is split’ between concrete labour and abstract labour, use-value and exchange-value: Money in its maximum fixation is itself a commodity and is distinguished as such from other commodities only by the fact that it expresses exchange value more perfectly. But precisely by doing so, by being coin, it loses its immanent determination as exchange value and becomes mere use value, even http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Historical Materialism Brill

The Time of Crises (and Cherries)

Historical Materialism, Volume 24 (4): 9 – Dec 2, 2016

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Publisher
Brill
Copyright
© Koninklijke Brill NV, Leiden, The Netherlands
Subject
Symposium on Daniel Bensaïd
ISSN
1465-4466
eISSN
1569-206X
D.O.I.
10.1163/1569206X-12341491
Publisher site
See Article on Publisher Site

Abstract

The title of the chapter, ‘Le Temps des crises (et cerises)’ is a pun ( crises rhymes with cerises ) that recalls the classic French song closely tied to the Paris Commune, ‘Le Temps des cerises’. Marx’s treatment of crises is similar to that of classes. He provides their determinations at the different logical moments of capital: its process of production, circulation, and reproduction. He does not formulate [ énonce ] a positive, coherent, and finished theory, but rather a negative theory, through successive approaches. 1 Capital’s Schizophrenia Marx’s excitement in the light of the American crisis of 1857 (the ‘Panic of 1857’) marked the feverish writing of the Grundrisse . Crisis appears in the text through the metaphor of madness. The schizoid tendencies of capital erupt into an open schizophrenia. The apparent unity of the commodity ‘is split’ between concrete labour and abstract labour, use-value and exchange-value: Money in its maximum fixation is itself a commodity and is distinguished as such from other commodities only by the fact that it expresses exchange value more perfectly. But precisely by doing so, by being coin, it loses its immanent determination as exchange value and becomes mere use value, even

Journal

Historical MaterialismBrill

Published: Dec 2, 2016

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