5/ In that post Harvey also discusses how Piketty and Marx define “Capital” differently, now I don’t know Marx (yet), but for Piketty Capital is Stuff You Can Own (ref the whole slavery thing), but it seems Marx and Harvey share a different view of Capital. It seems to me that they view it as a process rather than possessions. Currently, my understanding is that the “value” of a machine is a function of it producing things and not the cost of buying it. But I might be totally off base.
Tbh maybe Piketty should’ve read Das Kapital before writing a book with the same name. Then he could’ve discussed this difference in definition. (But, as we saw, he doesn’t really discuss or analyze much at all) And tbh, it seems weird not to have read (which Piketty apparently hasn’t) what is considered to be one of the most influential works in your field… (yeah, I clearly don’t like Piketty, but jeez that should be clear from my thread on Capital 🔪)