chapter
55 Pages

The Economics of the Transition Period

[Excerpts]
ByRichard B. Day

Theoretical political economy is the science of a social economy based on the production of commodities, that is, the science of an unorganized social economy. It is only in a society in which production is anarchistic and the distribution of products occurs in an anarchistic manner that the laws of social life manifest themselves in the form of “natural,” “spontaneous” laws, independent of the will of any individual or collective. A commodity society is a system with a special type of bond, and this bond is responsible for the completely unique categories of the world of commodities. The capitalist “national economy” has been converted from an irrational system into a rational organization, from an economy without a subject into an economic subject. The rivalry among finance-capitalist state organizations is the most striking expression of the contradictions and anarchy of the capitalist mode of production.