Overdetermination in a marxian theory of money
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1996-07-01
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Thls paper deals with the generic and abstract analyses of money set forth by Marx at the beginning of Capital. More precisely, it is intended to evaluate to what extent, if any, some aspects of Marx's discussion on the contradictory role played by money in the process of simple circulation of commodities can be seen as supporting an overdetenninistic interpretation of Marx's dialectical method of analysis. Based upon the concept of overdetermination introduced into Marxian analysis mainly by Louis Althusser, the main conclusion being drawn is that the monetary-real nexus in circulation of commodities described by Marx can be conceived as an overdetermined nexus, which means that a regime of very mutual constitutivity prevails between the monetary and real processes which comprise that process.