Suchergebnisse

Industrializing Capital: Classic Works of the Twentieth Century -- Corresponding Thoughts of Benjamin: Kafka, Bakhtin and the Prague School -- On the Fringe -- Archaic Money -- Life-needs and Money Sequences, Outside or Inside a Sealed Vessel -- Life as a Baby Boomer -- Financialization of the Universities -- Identity Politics.

An extended formal model of value and price is constructed that includes within it "specialized labor" according to occupation, and therefore variations in real wage rates between workers. A "classical Marxist" approach is taken, and the "new approach" of Dumenil, Foley and Lipietz is criticized. It is demonstrated that the "fundamental theorem" as usually stated only applies to a simple model in which the wage-good rate is assumed to be uniform across occupations. In the context of the more complex model introduced, negative rates of exploitation associated with certain occupations and/or negative rates of surplus value associated with certain industries are shown to be be compatible with a viable capitalist economy. Nonetheless, it remains the cs I &a capitalist economy is viable only if the class of workers as a whole generates more value than iyreates)he fundamental model thereby is modified, but not gainsaid.

Few topics in political economy have enjoyed as much attention, or have been the center of such controversy as the "labour theory of value" – a theory which gained prominence in the writings of the classical school of the late-eighteenth and nineteenth centuries, and which continues to be a major topic of Marxist political economy into the present period. The object of this paper is to outline a coherent approach to the labour theory of value by addressing one central problem that has long plagued Marxist theoreticians, and whose various solutions underlie the stances that have been adopted by different schools toward virtually all of the other important topics of Marxist thought. That problem is the sense in which what Marx termed the "abstract labour" representing the value of commodities, is an extant social phenomenon in capitalist economies; in short, the problem of the "ontology" of abstract labour.