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Title: An extension of nineteenth century political economy through consideration of capitalism as a world economy : the case of Karl Marx
Author: Gimm, Gong Hoe
ISNI:       0000 0004 6061 7344
Awarding Body: SOAS University of London
Current Institution: SOAS, University of London
Date of Award: 2016
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In the recent debate around 'globalisation', and in relation to the development of capitalism on a world scale in general, Karl Marx has attracted enormous attention. It is true that he was particularly interested in the global character of capitalism. But he left a number of comments on it in many different occasions without organising them systematically and, therefore, commentators have interpreted Marx's attitude towards it in a variety of ways according to their points of reference. Against this background, this thesis has two distinct purposes. The first part of this thesis traces Marx's intellectual development and his changing thought on the globality of capitalism. To be shown is that as his main interest moved from philosophy and politics to political economy, and as his approach to political economy became more sophisticated over time, the meaning of globality and its place in his overall thought changed. Especially after what we call the 'methodological sophistication' around the time he wrote the Grundrisse in 1857-58, it is apparent that, grasping the globality of capitalism in the concept of the world market, he was planning to deal with it as a crucial moment in the reproduction of the capitalist world economy. The latter part of the thesis is devoted to presenting a possible realisation of Marx's unfinished plan. Of course, this is to extend Marx's value theory in his Capital by introducing the world market as a new theoretical category. This is necessarily concerned with a critique of the existing theories, mainstream or Marxist, of the international economic relations under capitalism. Our conclusion suggests that, unlike the significance the younger Marx attached to the globality of capitalism, the global development of capitalism present in his more mature thought tends to expose the fetishism of capitalism even further.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral