[OPE] Correction

I wrote in haste

When Karl Marx studied the capitalist mode of production, he was primarily
concerned with physical capital, with means of production and consumer
goods. But he was well aware that this does not exhaust the meaning of
capital, and thus he distinguished between "real" capital (capital invested
in tangible assets) and "fictitious" capital (financial claims staked on
property ownership, a capitalization on property ownership).

In fact this is not quitre correct, since the contrast Marx draws is
principally between between money capital and real capital, and so-called
fictitious capital is only a form of money capital.

J.

_______________________________________________
ope mailing list
ope@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/ope
Received on Tue Oct 27 17:27:33 2009