Political Marxism and Value Theory
Bridging the Gap between Theory and History
Bibliographic Data
| ID | 12673129 |
|---|---|
| Authors | Samuel Knafo (0000-0001-9374-8170, University of Sussex, corresponding author) |
| Year | 2007 |
| Volume | 15 |
| Issue | 2 |
| Pages | 75-104 |
| Publication date | 2007-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Historical Materialism (JOURNAL) |
| Journal identifiers | ISSN: 1465-4466 • E-ISSN: 1569-206X |
| Publisher | Brill (PUBLISHER • NL) |
| DOI | 10.1163/156920607x192084 |
| OpenAlex | W2071018556 |
| Language | EN |
| Citations received | 20 |
This article proposes a reading of value theory firmly entrenched in the historicist framework of political Marxism; one which gives precedence to social relations and historical development over abstract logic and formal models. It argues that Marx's theory of value can be read as elucidating how social norms are being unwittingly created under capitalism by contrast with precapitalist societies. The article is divided into two sections. The first examines the two main ways in which value is considered within Marxism and highlights the problems that can emerge when taking into account the issue of the specificity of capitalism. The second section offers an alternative formulation of value theory grounded in the notion of alienation. This leads to the conclusion that the idea that value is shaped by labour refers to a political fact about decisions concerning the organisation of the labour process, rather than an economic fact about the expenditure of labour in the process of production. Value reflects the class struggles over the labour process and the norms that govern social life, rather than an embodied quantity of socially necessary labour-time expended within the labour process
Alienation · Capitalism · Economics · Embodied cognition · Epistemology · Historicism · Labor theory of value · Neoclassical economics · Political science · Politics · Positive economics · Social science · Social theory · Sociology · Use value · Value (mathematics · Value theory · Law · Philosophy · Political Economy and Marxism · Political theory and Gramsci
Valuing transition/transitioning value
Geopolitical Economy and the Chimera of Hegemony
Between Revelation and Reflexivity
Pragmatics of Money and Finance
The Marxian Materialist Interpretation of History and Comparative Sociology
Marx and the Crisis
The Culture of Abstraction
Child work, care and neglect in farmworker homes
Assessing the historical turn in IR
Two paradoxes with one stone
The Fiction of Economic Coercion
On ‘The Problem with Brenner’
Political Marxism and the Rules of Reproduction of Capitalism
Transitions to Capitalism
Bourdieu and the dead end of reflexivity
Fundamental value
Financial Crises and the Political Economy of Speculative Bubbles
Critical theory in crisis? a reconsideration
State of Speculation
Contingency and Foundation
| Unique citing works | 20 |
|---|---|
| Citations per year | 1,11 |
| Citation span | 2008 - 2026 (19) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 20 |