Download The Value Dimension: Marx versus Ricardo and Sraffa by Ben Fine PDF

By Ben Fine

Ben advantageous (ed.)

The essays during this edited assortment, first released in 1986, concentrate on vital debates surrounding the significant Marxian challenge of the transformation of values into costs. the gathering brings jointly significant contributions at the price concept debate from the last decade ahead of the book’s ebook, and assesses the debate’s value for wider concerns. worth thought emerges as even more than a technical relation among labour time and costs, and the constitution of the capitalist financial system is scrutinised. this can be a proper and finished paintings, useful to scholars, lecturers and execs with an curiosity in political and Marxist economy.

Contents:

1. creation Ben superb
2. The legislations of worth in Ricardo and Marx Geoffrey Pilling
3. creation, stream and price Ira Gerstein
4. variations of actual stipulations of construction: Steedman’s monetary metaphysics Heiner Ganssmann
5. On Marx’s thought of agricultural hire Ben fantastic
6. Sraffa as opposed to Ricardo: the historic irrelevance of the ‘corn-profit’ version Gilbert Faccarello
7. observe: A dissenting word at the transformation challenge Ben tremendous
8. The common sense of costs as values Guglielmo Carchedi

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Additional resources for The Value Dimension: Marx versus Ricardo and Sraffa (Routledge Revivals)

Sample text

The weaknessesof Physiocracy was that 'production' was still seenconcretelyand not abstractly,for accordingto Quesnayand his followers, labour on the land was alone productive of value. But this limited view, a reflection of the limited stagereachedin the evolution of the eighteenthcentury French economy, was nonethelessdecisivefor the future analysisof the capitalist system. For the contradictions at the heart of Physiocracy arose essentiallyfrom its attemptto explain feudalism from a more consistently bourgeoispoint of view.

He openshis major theoretical work in the field of value theory with a chapterentitled 'The Requirements of a Theory of Value'. (Dobb, 1940, Ch. I) Immediately he presupposesa method alien to that of Marx; we have already argued that the analysis of 'value' cannot be disembodiedfrom a work the aim of which was to 'lay bare the law of motion of modernsociety'. For our only answerwould consistof an expositionof the value analysis as developedin Capital. If on the other hand Dobb has in mind a general conceptof value (as indeed the remainderof the work shows him to have) he is guilty of starting from an abstractconcept and not as Marx insistedwe must, from an examinationof the process of social labour as it appearsin 'modernsociety'.

1971, P·54) Let us look more closely at the mannerin which Marx investigates the nature of the commodity. Here I find that on the one hand it is in its natural form a thing of use, alias a use-value,on the other hand a bearer of exchange-value,and in this respectitself 'exchange- value'. Further analysisof the lattershowsme that exchangevalue is only a 'phenomenalform', an independentmode of representationof the value containedin the commodity. (1972, P·50 ) The law of value in Ricardo and Marx 35 Hence,accuratelyspeakingMarx was 'wrong' as he himself recognised: when at the beginningof this chapter,we said, in common parlance,that a commodity is both a use-valueand an exchangevalue [for] ...

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