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Abstract
Deriving value in Capital Marx uses three commensurability arguments (CA1-3). CA1 establishes equivalence in exchange as exchangeability with the same third commodity. CA2 establishes value as common denominator in commodities: embodied abstract labour. CA3 establishes value substance as commonality of labour: physiological labour. Tensions between these logics have permeated Marxist interpretations of value. Some have supported value as embodied labour (CA2, 3), others a monetary theory of value and value as ‘pure’ societal abstraction (ultimately CA1). They all are grounded in Marx.
Translated title of the contribution | Ækvivalens, kommensurabilitet, værdi: Tre kommensurabilitetsargumenter i Kapitalens begyndelse og indvirkningen på 150 års marxistisk (kritik af) politisk økonomi |
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Original language | English |
Publication date | 23 Oct 2017 |
Number of pages | 15 |
Publication status | Published - 23 Oct 2017 |
Event | 65th annual conference of the Japan Society of Political Economy Capital (150 years)・Imperialism (100 years) and the Critique of Capitalism - Chuo University, Tokyo, Japan Duration: 28 Oct 2017 → 29 Oct 2017 Conference number: 65 |
Conference
Conference | 65th annual conference of the Japan Society of Political Economy Capital (150 years)・Imperialism (100 years) and the Critique of Capitalism |
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Number | 65 |
Location | Chuo University |
Country/Territory | Japan |
City | Tokyo |
Period | 28/10/2017 → 29/10/2017 |
Keywords
- value theory
- equivalence
- commensurability
Artistic research
- No
Projects
- 1 Finished