The General Theory of Capital: Self-Reproduction of Humans Through Increasing Meanings

The General Theory of Capital: Self-Reproduction of Humans Through Increasing Meanings
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Capital theory has languished in the backyard of economics since the Cambridge controversy at the latest. However, economic theory cannot move forward without addressing the question of the nature of capital and its historical limits. This book offers a new approach to the problem by drawing on both the achievements of classical political economy, including the work of Karl Marx, and the latest advances in economic theory. It shows that the nature of capital can only be understood by going beyond the narrow economic view. A modern theory of capital requires taking into account the results of theories of culture, information, and evolution.

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А. Куприн. The General Theory of Capital: Self-Reproduction of Humans Through Increasing Meanings

Introduction

Part one. Simple self-reproduction

Chapter 1. Traditional society and simple consumption

1. Co-evolution of humans and meanings

Henrich-Popov bridge and the first needs trap

Material social abstraction in action

Needs, motives and emotions

The structure of culture

2. Uncertainty, selection and learning

Uncertainty and meaning

Populations under mixed selection

Evolution of learning

Meaning as a common language of all humans

3. Traditional choice and cumulative culture

Meanings, counterfacts and choices

Traditional society and the accumulation of experience

Meanings, genes and memes

Simple consumption and unfolding of needs

Chapter 2. Simple production and necessary activity

1. Development of production from consumption

Agricultural evolution and increasing meanings

Quality and quantity of meanings

Figurae as elements of meaning

2. Complexity of meaning

Minimal subject and minimal action

Is the watchmaker blind, is culture left to chance?

Hard problem of subject

3. Division, addition and multiplication of meanings

Activity and efficiency

Socio-cultural order and justice

Active power and freedom

Chapter 3. Simple circulation: surplus activity and exchange value

1. The origin of exchange value and money

Cooperative, administrative and competitive circulation

Utility and use value

Use value, exchange value and money

Money and prices

2. Profit and interest

Surplus activity and its norm

Possession, investment and profit

Property, debt and interest

3. Limits of simple self-reproduction

Adaptive efficiency and the race against uncertainty

Evolutionary rationality and the limits of traditional thinking

The rise of traditional complexity and its limits

Part two. Expanded self-reproduction

Chapter 4. Commercial society and expanded consumption

1. Commercial revolution and system-society

The third needs trap and the consumer society

The commercial revolution creates a system-society

“Two hands” of the system-society

Hoarding, profit and capital

2. Active power and capital

Commercialization of active power

Expanded consumption is the production of labor power

Real and nominal capital

Capital and property

3. Population growth and increasing meanings

Added value as a source of income

Commercial revolution and population growth

Kapitsa–Metcalfe effect

Counternorms and rational choice

Chapter 5. Expanded production and surplus value

1. Expanded production and capital accumulation

The capitalist system and its methods

The long industrial revolution

The race for profit and the growing scale of production

The model of capitalist production

2. (Re)production of the capitalist order

Value of capital and quantity of capital

Surplus capital appropriates interest

(Dis)order as a source of surplus value

Productive capital, enterprise costs and the rate of profit

Transformation problem and reverse capital deepening

3. Capital and society

Capital and relative surplus population

Is there a tendency of the rate of profit to fall?

Two sides of social capital

Revolution and socialist calculation

Chapter 6. Expanded circulation: profit and capital

1. Disequilibrium of the triple decision

Value and triple decision

Interest on capital and entrepreneurial profit

Disequilibrium and economic cycles

2. Complexity of production and forms of circulation

Market, plan and entrepreneurship

Corporate capitalism

Increasing returns and uneven development

3. Limits of expanded self-reproduction

World complexity and world currency

Reducing relative surplus population

Reverse risk sharing and financialization

The expansion of capital and its limits

Part three. Accustomed self-reproduction

Chapter 7. Entrepreneurial society and accustomed consumption

1. Demographic transition and consumption shift

Demographic conditions of accustomed self-reproduction

The fourth needs trap and the leisure society

Socially necessary individuals

2. Entrepreneurial society

Socialization and personalization of capital

Entrepreneurial counter-revolution creates complex-society

Risks and incomes in entrepreneurial society

3. Common order

Common choice and moral world

Keynes–Auzan trilemma

Gross product and gross reputation

Chapter 8. Accustomed production and entrepreneurial profit

1. Production at constant population

Dwindling reserves of expanded production

Tendencies of the profit rate and the interest rate to fall

Personalization of capital and the end of the interesting in-between

2. (Re)production of the common order

Accustomed production model and capital minimization

Corporations, property and possession

Does personalization lead to the emancipation of labor?

3. Artificial intelligence and idealization of production

Weak AI and distributed entrepreneurial networks

Industrialization and idealization

Hard problem of subject and strong AI

Chapter 9. Accustomed circulation: order and freedom

1. Politics of common markets

(Self)construction of markets

Common markets replace corporations

Common financial markets

2. Trajectories of accustomed self-reproduction

Uneven personalization process

Personalization of capital and state

Scenarios of accustomed self-reproduction

3. Limits of accustomed self-reproduction

Eschatology of surplus value

The society of humans and the desiring machines

Liberty or leisure

Bibliography

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