Economics Dictionary of Arguments

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Mause I 299
Money/Marx: Marx's thesis: Money means domination over others and could lead to exploitation and impoverishment: "Since money does not show what it is transformed into, everything, goods or not, turns into money. Everything becomes saleable and purchasable... As all qualitative difference of the goods is erased in money, it in turn as a radical leveller erases all differences". (Marx[1867]/ 1957. (1)
VsMarx: General criticism of Marx's monetary theory:
Trend in profit rate: is now widely disproved.
Money in practice: contrary to Marx's predictions, even communist states could not do without money. (2)
Power/Marx: the idea that possession of money is associated with power is topical for today.

1. Marx, Karl. Das Kapital, Kritik der politischen Ökonomie. Berlin 1867/ 1957.
2. Dirk Wentzel, Geldordnung und Systemtransformation: Ein Beitrag zur ökonomischen Theorie der Geldverfassung. Schriften zum Vergleich von Wirtschaftsordnungen, Bd. 50. Stuttgart/ Jena/ New York 1995.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Marx I
Karl Marx
Das Kapital, Kritik der politische Ökonomie Berlin 1957

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

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