Abstract

SALAZAR, Boris. Time and financial capital in Marx's Capital. Rev.econ.inst. [online]. 2018, vol.20, n.39, pp.93-118. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v20n39.05.

This article argues that the metamorphosis of debts into financial derivatives and securities, and of the latter back into debt, generates networks of assets and liabilities inducing the emergence of different times for capital, articulated into a complex system whose dynamics make possible the synchronization of those times in the form of global crisis. The crisis is treated as a change of state in a complex system, precipitated by the connectivity generated by increasing leverage. It is a development of the theories of the crisis and of socialization of the debt raised by Marx in Capital.

Keywords : Debt; financial titles; financial network; global crisis; Marx; absolute time; relational time.

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