Definitions HQ

Money capital (n.) bears ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠interest only when it is out of its owner's hands: while he holds it, it is not capital; once it is capital, he no longer holds it.

Money capital (n.) rose ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠in value in 1847 precisely because real capital fell: what those who bought corn at 120 shillings lacked when it fell to 60 was not banknotes but the 60 shillings too much they had paid.

Money capital (n.) accumulates ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠mostly as nothing more than a pile-up of claims on production and of the market price of those claims.

Money capital (n.) always ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠looks like more accumulation than is really happening, since even growing private consumption shows up as piled-up money capital.

Money capital (n.) piles ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠up both when production runs better and when trade simply stalls — and the money market cannot tell the difference.

Money capital (n.) does ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠its work not because it is capital but because it is money; what turns a function of money into a function of capital is a class relation, not the nature of money.

Money capital (n.) shows, ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠in its circuit, capital's most one-sided and therefore most telling face: buying in order to sell dearer, the aim leaping to the eye.

Money capital (n.) can ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠wait out an obstacle longer than commodity capital: money does not stop being money while it waits, but a commodity held too long stops being even a use-value.

Money capital (n.) lying ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠latent piles up not because the capitalist is expanding but because he cannot yet expand: machines come in fixed sizes, so surplus-value must sit as a hoard until it is big enough to be capital.

Money capital (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠the part of capital that must sit out of production so the rest can keep working — the part the economists always forget, though it is the key to the bourgeois economy.

Money capital (n.) can ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠arise in surfeit with no change in prices or in the quantity of money: shorten the turnover period and part of the capital simply becomes superfluous and is precipitated onto the money market.

Money capital (n.) lying ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠latent, whether gold, tokens or paper claims, is no more than extra legal titles to the future production of society, held in reserve by capitalists.

Money capital (n.) that ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠one capitalist stores up may be a fragment of another capitalist's surplus-value that never made it home.

Money capital (n.) has ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠no causal connection with the quantity of gold in a country: new money capital is old money doing a new job, hoarded instead of circulating.