ABSTRACT

How are we to theorize the all-embracing architecture of capital? The examples in the previous chapter suggest that capitalization is an encompassing social process of valuation in need of a comprehensive theory of value. The conventional neoclassical and Marxist approaches, though, lack such a theory and therefore fall back on narrow ‘economic’ explanations. In both cases, capitalization is explained in relation to the so-called material-productive processes of capitalism.