Equivalence, commensurability, value: Three arguments of commensurability in the beginning of Capital and their impact on 150 years of Marxist (critique of) political economy

Niels Albertsen

Equivalence, commensurability, value: Three arguments of commensurability in the beginning of Capital and their impact on 150 years of Marxist (critique of) political economy

Niels Albertsen

Publications: Contribution to conference › Paper › Research › peer-review

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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
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
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

Access to Document

Equivalence textAccepted author manuscript, 192 KB

Capitalism, critique and society
Albertsen, N. (Project Participant)
01/01/2016 → 30/06/2022
Project: Research

Cite this

Albertsen, N. (2017). Equivalence, commensurability, value: Three arguments of commensurability in the beginning of Capital and their impact on 150 years of Marxist (critique of) political economy. Paper presented at 65th annual conference of the Japan Society of Political Economy Capital (150 years)・Imperialism (100 years) and the Critique of Capitalism, Tokyo, Japan.

Albertsen, Niels. / Equivalence, commensurability, value : Three arguments of commensurability in the beginning of Capital and their impact on 150 years of Marxist (critique of) political economy. Paper presented at 65th annual conference of the Japan Society of Political Economy Capital (150 years)・Imperialism (100 years) and the Critique of Capitalism, Tokyo, Japan.15 p.

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Albertsen, N 2017, 'Equivalence, commensurability, value: Three arguments of commensurability in the beginning of Capital and their impact on 150 years of Marxist (critique of) political economy', Paper presented at 65th annual conference of the Japan Society of Political Economy Capital (150 years)・Imperialism (100 years) and the Critique of Capitalism, Tokyo, Japan, 28/10/2017 - 29/10/2017.

Equivalence, commensurability, value: Three arguments of commensurability in the beginning of Capital and their impact on 150 years of Marxist (critique of) political economy. / Albertsen, Niels.
2017. Paper presented at 65th annual conference of the Japan Society of Political Economy Capital (150 years)・Imperialism (100 years) and the Critique of Capitalism, Tokyo, Japan.

Publications: Contribution to conference › Paper › Research › peer-review

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AU - Albertsen, Niels

N1 - Conference code: 65

PY - 2017/10/23

Y1 - 2017/10/23

N2 - 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.

AB - 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.

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Albertsen N. Equivalence, commensurability, value: Three arguments of commensurability in the beginning of Capital and their impact on 150 years of Marxist (critique of) political economy. 2017. Paper presented at 65th annual conference of the Japan Society of Political Economy Capital (150 years)・Imperialism (100 years) and the Critique of Capitalism, Tokyo, Japan.

Equivalence, commensurability, value: Three arguments of commensurability in the beginning of Capital and their impact on 150 years of Marxist (critique of) political economy

Abstract

Conference

Keywords

Artistic research

Access to Document

Projects

Capitalism, critique and society

Cite this