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...

Full description

Saved in:
Bibliographic Details
Published inThe journal of philosophical economics Vol. XIII; no. 2; pp. 116 - 136
Main Author Sobel, Richard
Format Journal Article
LanguageEnglish
German
Published Rosetti International Publishing House 01.11.2020
Editura Rosetti International
Editura ASE Bucuresti
Subjects
castoriadis
Economy
law of value
marx
naturalism
Philosophy
Philosophy of Science
social ontology
Social Sciences
Social Theory
Socio-Economic Research
Sociology
Special Branches of Philosophy
work
Castoriadis
law of value
Marx
social ontology
naturalism, work
Online AccessGet full text

Cover

More Information
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