Journal Article

A materialist development of some recent contributions to the labour theory of value

Andrew Brown

in Cambridge Journal of Economics

Published on behalf of Cambridge Political Economy Society

Volume 32, issue 1, pages 125-146
Published in print January 2008 | ISSN: 0309-166X
Published online August 2007 | e-ISSN: 1464-3545 | DOI: http://dx.doi.org/10.1093/cje/bem017
A materialist development of some recent contributions to the labour theory of value

More Like This

Show all results sharing these subjects:

  • General Economics
  • Economic Methodology
  • History of Economic Thought (to 1925)

GO

Show Summary Details

Preview

The paper offers a novel interpretation and affirmation of the opening arguments of Capital, answering the fundamental but neglected question of why labour is the substance of value. Marx's arguments require that two philosophical threads, often separated in the literature on value, be woven together. The argument that value is the intrinsic ‘content’ making commodities exchangeable employs the thread of realism. The argument that abstract labour is the emergent ‘social substance’ of value employs the thread of dialectics. This interpretation develops the materialist and dialectical philosophy of E.V. Ilyenkov and deepens the approach to value theory initiated by Ben Fine.

Keywords: Capitalism; Dialectics; Labour theory of value; Marxism; Realism; A12; B14; B40; B51

Journal Article.  12436 words. 

Subjects: General Economics ; Economic Methodology ; History of Economic Thought (to 1925)

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.