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Abstract

This is a prepublication version of ‘Money, Labor, and Logic: A critical comparison’, published in Critique of Political Economy. Please cite as Freeman, A. 2011. ‘Money, Labor, and Logic: A critical comparison’, Critique of Political Economy No. 1. 152-175.

The article seeks to promote a scholarly debate between the temporal single-system interpretation of Marx and the Value-Form school. Since they both recognize the standards required of constructive debate and seek a proper understanding of Marx’s actual theory, such a debate promises to be productive. Michael Heinrich’s argument, representative of the Value-Form school, is that Marx’s derivation of abstract labor, value, and money is -ambivalent- and should be replaced by superior derivations of these categories. I argue that the Value-Form school’s proposed replacements exhibit a tendency to eliminate contradiction from value theory. In particular, the idea that the labor in a commodity is abstract only after the commodity is sold gives rise to a quietist tendency. It confuses successful sale with the formation of a price. This stems from an ambivalence attitude towards general equilibrium theory, leading to an underestimation of the devastating effect of von Bortkiewicz’s rewriting of Marx.



Item Type: MPRA Paper -

Original Title: Money, Labour and Logic: A Critical Comparison-

English Title: Money, Labour and Logic: A Critical Comparison-

Language: English-

Keywords: Value Form, Value Theory, Marx, Economics-

Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B14 - Socialist ; MarxistB - History of Economic Thought, Methodology, and Heterodox Approaches > B3 - History of Economic Thought: IndividualsB - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic MethodologyB - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist ; Marxian ; Sraffian-





Author: Freeman, Alan

Source: https://mpra.ub.uni-muenchen.de/48625/







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