Capitalism has undergone drastic transformations over the last thirty years. Among critics, theses about the financial nature of the process of accumulation have been prominent. One of these is the theory by French economist Francois Chesnais (1998, 2005) whose main proposition is that, as of...

If we adopt a dialectical (Hegelian) reading of Marx’s theory of money, we can see that money contains within it the contradiction of commodity itself (between use-value and value) and in so doing, it contains different strata of contradiction that logically and historically have come to the...