Michael A. Lebowitz The law of value works in mysterious ways. For some Marxists, it underlies everything we need to know about capitalism. But, just as Marx claimed he was not a Marxist, so too might he have said, “that’s not my law of value.”
Michael Lebowitz expounds on the simple truths found in Marx's theory of value—truths that, nonetheless, have been obscured by decades of incomplete theorizing…
By Marcello Musto Karl Marx’s French translation of “Capital” was first published on September 17, 1872. In February 1867, after more than two decades of herculean work, Karl Marx told his friend Friedrich Engels that the first part of his long-awaited critique of political economy was finally complete. Marx travelled from London to Hamburg to deliver the manuscript of Volume I (“The Process of Production of Capital”) of his magnum opus and, in agreement with his editor, Otto Meissner, […]
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I50 years of the Paris Commune
Why the Paris Commune Still Resonates, 150 Years Later
Thursday 3 June 2021, by Enzo Traverso
There is a paradoxical discrepancy between the meteoric rise and fall of the Paris Commune, whose life did not exceed seventy-two days, and its lasting presence as a central experience in the Left’s historical consciousness.
Viewed through the lens of what some scholars call “world history,” what happened in Paris between March 18 and May 28, 1871, is almost insignificant. Most recent historians of the nineteenth century think of the acclaimed works of Christopher Bayly and Jürgen Osterhammel just mention it as a minor detail of the Franco-Prussian War. From the point of view of the takeoff of industrial and financial capitalism, urbanization and modernization, the consolidation of colonial empires, and the persistence of the Old Regime in an already bourgeois continent, the Paris Commune means nothing.