Marx’s Law of value and the ontology of labour: a Castoriadian critical point of view

In Marx’s thought, is ‘law of value’ a particular law of capitalism (historicism) or a general law of the economy (naturalism)? To clarify this ambiguity, this article proposes to employ the social ontology of Cornélius Castoriadis. For it, ‘labour’ is not a substance, but a recent historical creati...

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Bibliographic Details
Main Author: Richard SOBEL
Format: Article
Language:deu
Published: Editura ASE Bucuresti 2020-11-01
Series:The Journal of Philosophical Economics
Subjects:
Online Access: https://jpe.ro/pdf.php?id=8939
Description
Summary:In Marx’s thought, is ‘law of value’ a particular law of capitalism (historicism) or a general law of the economy (naturalism)? To clarify this ambiguity, this article proposes to employ the social ontology of Cornélius Castoriadis. For it, ‘labour’ is not a substance, but a recent historical creation through which, finally, the capitalist mode of production expresses a fundamental truth about all society’s way of being. From this perspective, we explore some consequences of this deconstruction for the theory of value as current neo-Marxist approaches may employ it today in their economic analyses.
ISSN:1843-2298
1844-8208