Wandering Mind

'Naitaavad enaa, paro anyad asti' (There is not merely this, but a transcendent other). Rgveda. X, 31.8.

A CRITIQUE OF THOMAS PIKETTY’S ‘CAPITAL IN THE TWENTY-FIRST CENTURY’ - 5

A CRITIQUE OF THOMAS PIKETTY’S ‘CAPITAL IN THE TWENTY-FIRST CENTURY’ – 5

CONTAINING CAPITAL – 5

Prasanna K Choudhary

Karl Marx

            Karl Marx

3. CAPITAL SOCIAL AND SELF-EXPANDING (Continued) – 3

FETISH CAPITAL

“The relations of capital assume their most externalized and most fetish-like form in interest-bearing capital. We have here M → M′, money creating more money, self-expanding value, without the process that effectuates these two extremes. ….

It is a…

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A CRITIQUE OF THOMAS PIKETTY’S ‘CAPITAL IN THE TWENTY-FIRST CENTURY’ - 4

A CRITIQUE OF THOMAS PIKETTY’S ‘CAPITAL IN THE TWENTY-FIRST CENTURY’ – 4

CONTAINING CAPITAL – 4

Prasanna K Choudhary

History-of-Paris-Industrial-Revolution

3. CAPITAL SOCIAL AND SELF-EXPANDING (Continued) – 2

ACCUMULATION OF CAPITAL

This gratuitous service of past labor, when seized and filled with a soul by living labor increases with the advancing stages of accumulation. Past labor always disguises itself as capital. ..Capital is not a fixed magnitude, but is a part of social wealth, elastic and…

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A CRITIQUE OF THOMAS PIKETTY’S ‘CAPITAL IN THE TWENTY-FIRST CENTURY’ - 3

A CRITIQUE OF THOMAS PIKETTY’S ‘CAPITAL IN THE TWENTY-FIRST CENTURY’ – 3

CONTAINING CAPITAL – 3

Prasanna K Choudhary

Best+Selling+Economist+Author+Thomas+Piketty+7eS6cbhkUbel

Thomas Piketty zimbio.com

3. CAPITAL SOCIAL AND SELF-EXPANDING – 1

MONEY IS NOW PREGNANT. Goethe, ‘Faust’, Part I, Scene5.1

Let me begin with Thomas Piketty’s definition of capital, labor and ‘return on capital’. After all, ‘capital’ and ‘return on capital’ form the basic theme of the book.

Piketty writes, “In this book, capital is defined as the…

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buttonpoetry:

Lacey Roop - “For Billy” (WoWPS 2014)

"Crack the glowsticks in your halo. Burn so beautiful that if the sun ever looked at you he’d go blind."

Performing during prelims at the 2014 Women of the World Poetry Slam.

Dr B R Ambedkar (14.04.1891 - 06.12.1956)

Great social reformer, philosopher, jurist, political leader, historian and economist. Independent India’s first Law Minister and Chairperson of the Constitution’s Drafting Committee (29.08.1947 - 24.01.1950).

A few quotes from his writings:

"Every act of independent thinking puts some portion of apparently stable world in peril."

"For a successful revolution, it is not enough that there is discontent. What is required is a profound and thorough conviction of justice, necessity and importance of political and social rights."

"What are we having this liberty for? We are having this liberty in order to reform our social system, which is full of inequality, discrimination and other things, which conflict with our fundamental rights."

"Political tyranny is nothing compared to the social tyranny and a reformer who defies society is a more courageous man than a politician who defies government."

"I measure the progress of a community by the degree of progress which women have achieved."

"Cultivation of mind should be the ultimate aim of human existence."

Today is his 123rd birth anniversary.