Marxist Political Economy Training Workshop 3
Aula B (Ground Floor)
International Institute of Social Studies (ISS)
The Hague, Netherlands
8 July 2013
09:00-09:30 Registration
09:30-09:40 Introduction (Simon Mohun)
09:45-11:15 Session 1: Value and money (Simon Mohun)
- Labour theory of value and money
- Circuit of capital and value conservation in circulation
- Productive and unproductive labour
- Banks, interest and finance
11:15-11:30 Coffee/tea
11:30-13:00 Session 2: Approaches to financialisation (Samantha Ashman)
- Circuit of capital and different forms of capital
- Roots of recent growth of finance
- Neoliberalism and finance
- Implications for accumulation and crisis
- Different Marxist approaches to financialisation
- Periodising capitalist development and financialised accumulation: state/society/reproduction
13:00-14:00 Lunch
14:00-15:30 Session 3: Financial derivatives (Duncan Lindo)
- Empirical observations about the extent of derivatives markets and the centrality of banks
- Marxist methodology: how to build an explanation in thought to match what we observe
- Money and credit; emergence of commercial banks from the circuit of capital (via discounters)
- Banks as securities dealers
- Banks as derivatives dealers
- Developments in EU bank legislation
15:30-15:45 Coffee/Tea
15:45-17:00 Session 4: Roundtable discussion: clarifications and issues arising
- Simon Mohun
- Samantha Ashman
- Duncan Lindo
- Everyone else