"Concrete and Abstract Labour in Marx's Theory of Value"
by Saad-Filho, Alfredo (1997)
This paper presents an alternative reading of Marx's theory of value, which overcomes the dichotomy between production and circulation that characterizes several other approaches. This reading recognises that the subject of Capital is the capitalist economy, and it considers the relationship between labour and value from the viewpoint of the normalisation, synchronisation and homogenisation of labour. The formal possibility of existence of valueless money is discussed.
KeywordsMarx, Marxism, Political Economy, Abstract Labour, Concrete Labour, Value, Value Theory, Embodied Labour, Sraffa, Normalisation, Synchronisation, Homoegeneous Labour
ThemesOn Marx on Abstract Labour
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