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Valueless knowledge-commodities and financialization: productive and financial dimensions of capital autonomization

Valueless knowledge-commodities and financialization: productive and financial dimensions of capital autonomization

Teixeira, Rodrigo Alves and Rotta, Tomas Nielsen ORCID: 0000-0002-5304-9890 (2012) Valueless knowledge-commodities and financialization: productive and financial dimensions of capital autonomization. Review of Radical Political Economics, 44 (4). pp. 448-467. ISSN 0486-6134 (Print), 1552-8502 (Online) (doi:https://doi.org/10.1177/0486613411434387)

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Abstract

We present a Marxian theory of the capitalist production of knowledge and of financialization as two processes subsumed under the principle of autonomization of capital. Our approach consists of three tasks. The first is to develop the principle of autonomization. The second is to show how financialization can be a misleading term. The third is to develop a new theory of the production and distribution of valueless knowledge-commodities and knowledge-rent. Our Marxian framework demonstrates how the autonomization of capital manifests itself in its two active dimensions: the financial through financialization, and the productive through knowledge-commodities.

Item Type: Article
Additional Information: [1] Funding: The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: The authors received institutional support, without funding, from the research group on institutions of financial capitalism (CAFIN), registered at the National Council for Scientific and Technological Development (CNPq), Brazil. The CAFIN research group is hosted at the economics department of the University of São Paulo, and Leda Paulani is its research coordinator. [2] © 2012 Union for Radical Political Economics
Uncontrolled Keywords: Marx, financialization, autonomization, intellectual property rights, valueless commodities, knowledge-rent
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HX Socialism. Communism. Anarchism
J Political Science > JA Political science (General)
Faculty / School / Research Centre / Research Group: Faculty of Business
Faculty of Business > Department of International Business & Economics
Related URLs:
Last Modified: 14 Oct 2016 09:32
URI: http://gala.gre.ac.uk/id/eprint/13392

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