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The net effect of increasing scale, centralization of capital, vertical integration and diversification within the corporate form of enterprise has been to replace the 'invisible hand' of the market by the 'visible hand' of the managers.

David Harvey

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David Harvey
Age: 89
Born: 1935
Born: October 31
Anthropologist
Economist
Geographer
Professor
University Teacher
Urban Planner
Gillingham
Kent
David W. Harvey
Invisible
Increasing
Effect
Scale
Market
Capital
Effects
Scales
Centralization
Hand
Managers
Diversification
Within
Enterprise
Vertical
Hands
Corporate
Integration
Form
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When money functions as measure of value it must truly represent the values it helps to circulate.
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If Occupy Wall Street can see their way to more collaboration with the union movement, then there will be a great deal of political action possible.
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The invocation of social necessity should alert us. It contains the seeds for Marx's critique of political economy as well as for his dissection of capitalism.
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The accumulation of capital involves the expansion of value over time.
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The accumulation of capital and misery go hand in hand, concentrated in space.
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Capital creates space-time.
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Cities begin to use cultural production as a way to market their city as being unique and special. Of course, the problem with this is that much of culture is very easy to replicate. The uniqueness begins to disappear. Then, we have what I call the Disneyfication of society.
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Individual capitalists, in short, behave in such a way as to threaten the conditions that permit the reproduction of the capitalist class.
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The geographical movement of money and commodities as capital is not the same as the movements of products and of precious metals. Capital is, after all, money used in a certain way, and is by no means identical with all money uses.
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Speculation in land may be necessary to capitalism, but speculative orgies periodically become a quagmire of destruction for capital itself.
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Capitalists behave like capitalists wherever they are. They pursue the expansion of value through exploitation without regard to the social consequences.
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The equilibrium between supply and demand is achieved only through a reaction against the upsetting of the equilibrium.
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Rampant inflation is just as hard to live with as the devaluation of commodities.
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We're supposed to live under capitalism, and capitalism is supposed to be competitive so you would expect that capitalists and entrepreneurs would like competition. Well, it turns out that capitalists do everything they can to avoid competition.
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The common-sense notion that 'there is a time and a place for everything' gets carried into a set of prescriptions which replicate the social order by assigning social meanings to spaces and times.
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Money could not be converted into capital if wage labour did not exist.
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Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.
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The social relations of capitalism have penetrated slowly into all spheres of life to make wage labour the general condition of existence only in fairly recent times.
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All rent is based on the monopoly power of private owners of certain portions of the globe.
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Money must exist before it can be turned into capital.
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