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      Tom McCarthy, Karl Marx, and the Money on the Books

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          Abstract

          By way of contrast to recent work on the problematic of representation of capital and its prioritized aesthetic mode, visuality, this article addresses the problematic of mediation in financialized capitalism through an attention to the relationship between writing and contemporary money forms. To elaborate this problematic, mediation is deployed methodologically as well: selections from two bodies of work concerned with capitalist monetary phenomena—those of Karl Marx and the novelist Tom McCarthy—are analyzed in parallel. McCarthy’s oeuvre is presented as preoccupied with monetary-inscriptive techniques and pockmarked by Marxian concepts and concerns. It is argued that Remainder, specifically, can be read as theorizing the relationship between money and writing under early 21 st-century regimes of finance capital through its elaboration of retail loyalty accounts and the multivalent concept of ‘remainder’ or ‘surplus’. The article reads this theorization against neglected sections of Marx’s second volume of Capital in which money is enigmatically treated from the perspective of bookkeeping.

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          Most cited references37

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          The Invention of Capitalism

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            Genres of the Credit Economy: Mediating Value in Eighteenth- and Nineteenth-Century Britain

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              The enigma of capital and the crises of capitalism

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                Author and article information

                Contributors
                Journal
                2056-6700
                Open Library of Humanities
                Open Library of Humanities
                2056-6700
                14 November 2017
                2017
                : 3
                : 2
                Affiliations
                [1 ]Duke University, US
                Article
                10.16995/olh.237
                476c5633-2020-4a14-a88f-3066a1b82472
                Copyright: © 2017 The Author(s)

                This is an open-access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC-BY 4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. See http://creativecommons.org/licenses/by/4.0/.

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                Self URI (journal-page): https://olh.openlibhums.org/
                Categories
                What’s left? marxism, literature and culture in the 21st century

                Literary studies,Religious studies & Theology,Arts,Social & Behavioral Sciences,History,Philosophy

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