...Commodity Fetishism vs. Capital Fetishism Marxist Interpretations vis-à-vis Marx’s analyses in Capital Dimitri Dimoulis and John Milios Abstract In Marx’s analysis of the Capitalist Mode of Production and more precisely in his theory of value, the key to decipher the capitalist political and ideological practices and structures is to be found. In this context, many Marxists believed that the analysis of “commodity fetishism” in Section 1 of Volume 1 of Capital renders the basis for understanding ideological domination and political coercion under the capitalist rule. The authors argue, that “commodity fetishism” is only a preliminary notion, which allows Marx to arrive, in subsequent Sections of Capital, at the concept of the “fetishism of capital”. 1. Introduction From the days of his youth Marx was familiar with the statements of ethnographers on the subject of fetishism and used the term in his own writings.1 Equally important was in this context the influence of Hegel.2 In this paper we are not going to deal with the different meanings that the notion of fetishism acquires at different points of Marx’s work, an issue which is related to the various concepts of fetishism in political economy, political philosophy and the social sciences.3 We will focus on the analysis of commodity fetishism, in an effort to contribute to the comprehension of the different dimensions of this concept, especially in Marx’s Capital. For this purpose, we will pursue the following course:...
Words: 16098 - Pages: 65
...EVOLUTIONARY CHANGE: THE INVISIBLE HAND AND MONEY Instead of being designed by men, civilization has evolved, according to one view. Social institutions [government, the rule of law, the social division of labor connoting production activities, markets (credit, labor, commodities, etc.), money, languages, mores (morals and values), et. al.] are determined not simply by preceding causes but as part of a process of unconscious self-organization of a structure or a pattern. These social institutions spontaneously come into existence. They are complex and self-maintaining mass phenomena. Reinforcing this point, Adam Smith wrote in The Theory of Moral Sentiments that men aiming at the “gratification of their own vain and insatiable desires” are “led by an invisible hand” in such a way that they “without intending it, without knowing it, advance the interest of society and afford means for the multiplication of the species.” The Origin of Money Theory, formulated by economist Carl Menger, in 1871, provides an account of the evolution of the social institution of money. Money, according to the Theory, is not a creation of the state as many think it is today. Rather it came into existence spontaneously through an unconscious, self-organizing, self-maintaining, evolutionary process. An outline of the theory is presented below. A. The Seven Steps of Carl Menger’s Origin of Money Theory: * The seven (7) steps below explain the emergence of a commodity money like gold or silver in the...
Words: 2436 - Pages: 10
...Auditing Cases instructor resource Manual f our th e d itio n Mark S. Beasley Frank A. Buckless Steven M. Glover Douglas F. Prawitt do not coPy or redistribute Prentice hall Upper Saddle River, New Jersey ta b l e s e ct ion o f co n t e n t s 1 2 client acceptance . . . . . . . . . . . . . . . . . . . . . . . . . . . S o l u tionS inc lu de d in t h iS Section 1.1 Ocean Manufacturing, Inc. 3 The New Client Acceptance Decision s e ct ion Understanding the Client’s Business and assessing risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 S o l u tionS inc lu de d in t h iS Section 2.1 Your1040Return.com Evaluating eBusiness Revenue Recognition, Information Privacy, and Electronic Evidence Issues . . . . . . . . . . . . . . . . . . . . . . . . . . 25 2.2 2.3 2.4 Dell Computer Corporation Evaluation of Client Business Risk Flash Technologies, Inc. Asher Farms Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Risk Analysis and Resolution of Client Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Understanding of Client’s Business Environment s e ct ion 3 Professional and ethical issues . . . . . . . . . . . . . . . . . . . . . . . 59 S o l u tio nS inc lu de d in t h iS Section 3.1 3.2 3.3 3.4 3.5 A Day in the Life of Brent Dorsey Staff Auditor Professional Pressures Nathan Johnson’s Rental Car Reimbursement Solving Ethical Dilemmas–Should...
Words: 162000 - Pages: 648
...The British Society for the Philosophy of Science The Nature of Philosophical Problems and Their Roots in Science Author(s): K. R. Popper Source: The British Journal for the Philosophy of Science, Vol. 3, No. 10 (Aug., 1952), pp. 124-156 Published by: Oxford University Press on behalf of The British Society for the Philosophy of Science Stable URL: http://www.jstor.org/stable/685553 . Accessed: 13/09/2013 04:37 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. . Oxford University Press and The British Society for the Philosophy of Science are collaborating with JSTOR to digitize, preserve and extend access to The British Journal for the Philosophy of Science. http://www.jstor.org This content downloaded from 58.27.243.214 on Fri, 13 Sep 2013 04:37:15 AM All use subject to JSTOR Terms and Conditions THE NATURE OF PHILOSOPHICAL PROBLEMS AND THEIR ROOTS IN SCIENCE * K. R. POPPER I IT was after some hesitation that I decided to take as my point of departurethe present position of English philosophy. For I believe...
Words: 13723 - Pages: 55
...ABSTRACT. The notion social class attains a well-defined theoretical content in the works of the classical political economists, who defined classes on the basis of the specific income form that each category of people (class) obtains. This approach to class constitutes a first form of a "friendly merger" between political economy and sociology. When combined with the classical labor value theory, it has led to a theory of class exploitation of the laboring class by the capitalist class. As economic theory became increasingly apologetic after the "Marginalist Revolution" (setting itself the aim of justifying capitalism), the theory of class has been totally banished from the corpus of "modern (neoclassical) economic science." This paper claims that the scientific elements inherent in classical political economy's class theory were preserved by the Marxist class theory, which further revolutionized the classical approach, creating a new, purely non-economistic and non-mechanistic "relationist" class theory, an d forming thus a vivid economic-sociological approach to social classes. On the basis of the Marxist approach, complex problems concerning the class structure of contemporary societies can be tackled. I Introduction THE THEORY OF CLASSES MAKES UP one of the most controversial chapters of the social sciences, in the sense that it comprises a forefront of confrontation between the different theoretical schools that are formulated within the field. To clarify what is to...
Words: 7414 - Pages: 30
...(School Physical Plant and Facilities Management) GRPE311 A COMPARATIVE ANALYSIS ON SCHOOL PHYSICAL PLANT AND FACILITIES (Manila Cathedral School and San Rafael Parochial School) Introduction The school site must be suitable and adequate for its activities. School buildings are designed and constructed in conformity with the provisions of the Building Code. Facilities are appropriate and adequate to implement the philosophy, vision, mission, goals and objectives, and activities of the school. The physical environment, facilities and equipment support teaching and learning in all curricular offerings, delivery of services as well as optimal student development and achievement. School facilities are safe, clean, and well maintained for all faculty and students engaged in them. The school site and facilities are regularly inspected for effective operation and meet all applicable laws including health and safety code requirements. (DepEd ESC Re-certification Assessment Instrument PEAC-FAPE Secretariat 2010) In the first part of this analysis, the focus will be in more general terms of the school’s physical environment (plant and facilities) as shown in the succeeding tables, the format and the survey instrument will be a modification of the ESC School (Re-) Certification process tool basically designed to assess the extent of compliance with the DepEd Minimum Quality Standards as well as to evaluate the school’s characteristics, its qualitative...
Words: 2909 - Pages: 12
...ZKD Veröffentlichungsreihe der Forschungsgruppe „Zivilgesellschaft, Citizenship und politische Mobilisierung in Europa“ Schwerpunkt Zivilgesellschaft, Konflikte und Demokratie Wissenschaftszentrum Berlin für Sozialforschung ZCM Agnes Arndt / Dariusz Gawin Discourses on Civil Society in Poland Agnes Arndt: Premises and Paradoxes in the Development of the Civil Society Concept in Poland Dariusz Gawin: Civil Society Discourse in Poland in the 1970s and 1980s Discussion Paper Nr. SP IV 2008-402 ISSN 1860-4315 Wissenschaftszentrum Berlin für Sozialforschung gGmbH Social Science Research Center Berlin Reichpietschufer 50, 10785 Berlin Federal Republic of Germany Telefon: +49/30/25491-0 Telefax: +49/30/25491-684 E-Mail: wzb@wz-berlin.de Internet: http://www.wz-berlin.de Agnes Arndt ist Historikerin. Sie ist Promotionsstipendiatin der Gerda Henkel Stiftung am Berliner Kolleg für Vergleichende Geschichte Europas“ an der Freien Universität Berlin sowie Gastwissenschaftlerin der Forschungsgruppe „Zivilgesellschaft, Citizenship und politische Mobilisierung in Europa“. Agnes Arndt is Historian. She is PhD fellow at the “Berlin School for Comparative European History” at the Free University Berlin and associated research fellow of the research group “Civil Society, Citizenship and Political Mobilization in Europe". Dariusz Gawin ist Direktor am Museum des Warschauer Aufstands in Warschau. Dariusz Gawin is director at the Warsaw Rising Museum, Warsaw. Zitierweise: Agnes...
Words: 22970 - Pages: 92
...Women in Islam & Feminist Politics* Syllabus Female, Male, Hon Eng Fall 2013 COURSE INFORMATION | Course Name: Women in Islam Semester: Fall 2013 Department: International Affairs College: Arts and Sciences | Course Code: INTA 203 CRN Code: L51, L01 Section: 13698, 14448 Core Curriculum: Elective | Day(s) and Time(s): MW 9.30-10 MW 2-3.15 Venue: Sharia 0147 Biz D203 | Credit Hours: 3 Prerequisites: None | COURSE DESCRIPTION | This course ‘Women in Islam and Feminist politics’ will look at the gender issue from an Islamic perspective. It will examine women’s issues related to Islam and contemporary Muslim culture and scholarship. It will explore the status of women in Islamic thought and practice from five perspectives: women’s position in Islamic theology, jurisprudence, history, Islamic feminism and activism and lived realities. | FACULTY INFORMATION | Instructor : Academic : Office Location: Office Hours:Telephone: E-Mail: Website: | Dr Hatoon AL FASSIAssistant ProfessorWomen Campus, stair 3, # 213 (male students by appointment) MW 12.30-1.30 4403-4948 hatoon@qu.edu.qahttp://faculty.ksu.edu.sa/hatoon.alfassi | REFERENCES AND ADDITIONAL RESOURCES...
Words: 3002 - Pages: 13
...SEATTLE PACIFIC UNIVERSITY School of Business and Economics BUS 6220 CRN 43797 Office: McKenna Hall 205 Financial Analysis Phone: 281-3523 Dr. Herbert Kierulff Hours: Th. 1-6 and by appt. hkierulf@spu.edu Classroom: McKenna 111 "…value reflects only our opinions and not the true worth of the things themselves." Francisco de Osuna, Third Spiritual Alphabet COURSE OBJECTIVES: By the end of this course you should be able to demonstrate greater competence in: * Doing short and long term financial planning and budgeting, strategic analysis and decision making under conditions of rapid change and uncertainty. * Applying the fundamental and practical principles of valuation to pricing and to real investment opportunities. * Gathering information, separating relevant from irrelevant factors, selecting and evaluating relevant options with regard to their consequences, and selecting and defending a course of action. * Conceptualizing complex issues and reducing them to coherent written and oral statements. * Integrating valuation and investment analysis with the other functional areas of business administration including business processes and information technology. * Working effectively in group...
Words: 4804 - Pages: 20
...Damodaran’s Country Risk Premium: A Serious Critique Lutz Kruschwitz∗Andreas Löffler†& Gerwald Mandl‡ , Version from July 31, 2010 Contents 1 Introduction 2 2 2 CRP concept 3 Critique of the CRP concept 7 3.1 The theoretical foundation of Damodaran’s equations – built on sand 7 3.2 Damodoran’s empirical basis – a hotchpotch of ad hoc ideas . . . . . 12 4 Conclusion 19 ∗ Freie Universität Berlin, Germany, Chair of Finance and Banking, E-Mail LK@wacc.de. † Universität Paderborn, Germany, Chair of Finance and Investment, E-Mail AL@wacc.de. ‡ Universität Graz, Austria, Chair of Accounting and Auditing, E-Mail Gerwald.Mandl@uni-graz.at. 1 Electronic copy available at: http://ssrn.com/abstract=1651466 1 Introduction For several years, when setting discount rates Damodaran has advocated more consideration of country risk premiums (CRP ) when it comes to assessing companies with activities in emerging markets. We have to acknowledge that his approach is enjoying growing support among investment banks and auditing firms. At the same time, it is to be noted that Damodaran’s concept has failed to resonate sufficiently with the academic community. This is reason enough to perform a systematic analysis and critical discussion of his country risk premium concept. Damodaran’s initial considerations concerning a country risk premium can be found in Damodaran (1999a) and Damodaran (2003), with further essentially unchanged mentions in his more recent publications. In our contribution...
Words: 7452 - Pages: 30
...Solutions to End-of-Chapter Questions and Problems in Multinational Finance by Kirt C. Butler Second Edition PART I Overview and Background Chapter 1 Introduction to Multinational Finance Answers to Conceptual Questions 1.1 Describe the ways in which multinational financial management is different from domestic financial management. Multinational financial management is conducted in an environment that is influenced by more than one cultural, social, political, or economic environment. 1.2 What is country risk? Describe several types of country risk one might face when conducting business in another country. Country risks refer to the political and financial risks of conducting business in a particular foreign country. Country risks include foreign exchange risk, political risk, and cultural risk. 1.3 What is foreign exchange risk? Foreign exchange (or currency) risk is the risk of unexpected changes in foreign currency exchange rates. 1.4 What is political risk? Political risk is the risk that a sovereign host government will unexpectedly change the rules of the game under which businesses operate. 1.5 In what ways do cultural differences impact the conduct of international business? Because they define the rules of the game, national business and popular cultures impact each of the functional disciplines of business from research and development right through to marketing, production...
Words: 33151 - Pages: 133
...have summarized the biblical self-testimony on its revelation and authority. The major focus of the paper is biblical authority, but a short statement concerning revelation-inspiration-illumination introduces the subject, and other biblical testimony on the nature of revelation is subsumed under the discussion of biblical authority. The paper also includes a brief historical treatment of the Enlightenment and post-Enlightenment understandings of biblical revelation/authority and an analysis and critique of their basic presuppositions in light of Scripture. Following the conclusion, a selected bibliography of sources cited and other useful books and articles on the subject is provided. Appendices include: (1) a chart schematizing the two major modern approaches to the Bible's revelation and authority (Appendix I, A-D); (2) some of Ellen White's insights on biblical revelation/authority (Appendix I, E); (3) the Methods of Bible Study Committee statement on the historical-critical method (Appendix I, F); and (4) a compilation of Ellen White references to "higher criticism" (Appendix II). A. Revelation-Inspiration-Illumination:...
Words: 13041 - Pages: 53
...summarized the biblical self-testimony on its revelation and authority. The major focus of the paper is biblical authority, but a short statement concerning revelation-inspiration-illumination introduces the subject, and other biblical testimony on the nature of revelation is subsumed under the discussion of biblical authority. The paper also includes a brief historical treatment of the Enlightenment and post-Enlightenment understandings of biblical revelation/authority and an analysis and critique of their basic presuppositions in light of Scripture. Following the conclusion, a selected bibliography of sources cited and other useful books and articles on the subject is provided. Appendices include: (1) a chart schematizing the two major modern approaches to the Bible's revelation and authority (Appendix I, A-D); (2) some of Ellen White's insights on biblical revelation/authority (Appendix I, E); (3) the Methods of Bible Study Committee statement on the historical-critical method (Appendix I, F); and (4) a...
Words: 13573 - Pages: 55
...official documents and the jurisprudence of international organizations and tribunals countries are designated as reported. The United Nations holds copyright to this document. The course is also available in electronic format on the UNCTAD website (www.unctad.org). Copies may be downloaded free of charge on the understanding that they will be used for teaching or study and not for a commercial purpose. Appropriate acknowledgement of the source is requested. UNCTAD/EDM/Misc.232/Add.20 Copyright © United Nations, 2003 All rights reserved 5.9 Electronic Arbitration iii TABLE OF CONTENTS Note What you will learn 1. Dispute Resolution Methods in Electronic Commerce 1.1 Introduction 1.2 Advantages of Online Dispute Resolution 1.2.1 Cost-effectiveness 1.2.2 Effectiveness of Solutions, Recommended or Imposed 1.3 Assessing Methods of Online Dispute Resolution 1.3.1 Determining Factors 1.3.2 Consequences of a Decision 1.4 Conclusion…….. 1.5 Case Study 2. Formation of the Electronic Arbitration Agreement 2.1...
Words: 25410 - Pages: 102
...U N D E R S TA N D I N G U N D E R S TA N D I N G S U N Y s e r i e s i n P h i lo s o ph y George R. Lucas Jr., editor R I C H A R D M A S O N understanding understanding S TAT E U N I V E R S I T Y O F N E W Y O R K P R E S S Published by State University of New York Press, Albany © 2003 State University of New York All rights reserved Printed in the United States of America No part of this book may be used or reproduced in any manner whatsoever without written permission. No part of this book may be stored in a retrieval system or transmitted in any form or by any means including electronic, electrostatic, magnetic tape, mechanical, photocopying, recording, or otherwise without the prior permission in writing of the publisher. For information, address State University of New York Press, 90 State Street, Suite 700, Albany, NY 12207 Production, Laurie Searl Marketing, Fran Keneston Library of Congress Cataloging-in-Publication Data Mason, Richard, 1948– Understanding understanding / Richard Mason. p. cm. — (SUNY series in philosophy) Includes bibliographical references and index. ISBN 0-7914-5871-7 (alk. paper) — ISBN 0-7914-5872-5 (pbk. : alk. paper) 1. Comprehension (Theory of knowledge) I. Title. II. Series. BD181.5.M27 2003 121—dc21 2003042557 10 9 8 7 6 5 4 3 2 1 for Margie Contents INTRODUCTION, 1 CHAPTER ONE WHAT WE UNDERSTAND, 7 CHAPTER TWO HOW WE UNDERSTAND, 21 CHAPTER THREE UNDERSTANDING AND KNOWLEDGE...
Words: 57755 - Pages: 232
