Marx and Menger on value
As many similarities as differences
Bibliographic Data
| ID | 23175754 |
|---|---|
| Authors | Han Hong (0000-0002-6959-2409, corresponding author) |
| Year | 2000 |
| Volume | 24 |
| Issue | 1 |
| Pages | 87-105 |
| Publication date | 2000-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Cambridge Journal of Economics (JOURNAL) |
| Journal identifiers | ISSN: 0309-166X • E-ISSN: 1464-3545 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/cje/24.1.87 |
| OpenAlex | W1965903504 |
| Language | EN |
| Citations received | 2 |
| References cited | 1 |
This paper argues that, as far as theories of value and money are concerned, Marx and Menger have more in common than has been traditionally maintained. Each of them had his own abstract concept of value, distinct from labour or utility and prior to prices. Moreover, both proposed theories of value form and provided explanations of the origin of money. These concepts and theories can hardly be found in the works of Smith and Ricardo, nor in those of Jevons and Walras, because they were primarily concerned with the determination of exchange ratios. Furthermore, Marx and Menger become more sharply divided owing to their similarities. They shared many questions to which they offered opposite answers. Copyright 2000 by Oxford University Press.
Adam smith · Economics · Epistemology · Exchange value · Mathematical economics · Neoclassical economics · Positive economics · Value (mathematics) · Value theory · Economic Theory and Institutions · Economic Theory and Policy · Mathematics · Philosophy · Political Economy and Marxism
| Citations per year | 0.33 |
|---|---|
| Citation span | 2020 - 2025 (6) |
| Highly cited | No |