What is money? What is capital? Christopher J. Arthur brilliantly tackles these fundamental questions at a deep philosophical level in The Spectre of Capital. He argues that the modern world is ruled by an unseen force, the spectre of capital. This insight is rooted in a strikingly original combination of the ideas of Marx and Hegel. Arthur here presents the most sophisticated argument to date for the 'homology thesis,' spelling out how the order of Hegel's logical categories, and that of the social forms assessed by Marx in Capital, share the same architectonic. The systematic-dialectical presentation of this thesis shows how capital becomes a self-sustaining power.