value theory

Marx’s Critique of (Ricardian) Political Economy, the Quantity Theory of Money and Credit Money

The Marxist concept of value is very frequently equated, whether explicitly or merely tacitly, with the corresponding Ricardian concept of “labour expended”. This paper argues that unlike the Ricardian theory of value, the Marxist theory of value is a monetary …

Marx’s Critique of (Ricardian) Political Economy, the Quantity Theory of Money and Credit Money

Marx’s Value Theory Revisited. A ‘Value-form’ Approach

Marx’s  Capital  does not present an analysis of different economic ‘models’ of ‘themes’ (first the ‘simple commodity production’, then the ‘capitalist commodity’, etc.). It has a unique object of study,  the capitalist mode of production  (i.e. the immanent regularities and tendencies …

Marx’s Value Theory Revisited. A ‘Value-form’ Approach

Value of Labour-Power, Wages, Productivity and Imperialism

These are notes from, and for, a series of discussions on imperialism organised by Redline. (See here for other details) As such, they are not a fully rounded analysis, just some guidance on points in these debates. ————— A key point …

Value of Labour-Power, Wages, Productivity and Imperialism

On the Character of Marxian Theory, “Ricardian Marxism” and the Role of F. Engels

Exposition of the basic points of the Marxist theory of value and its ideological implications, of money (Parts I and II), of social capital and of crises (Parts III and IV) makes it clear that the theoretical analysis (the system …

On the Character of Marxian Theory, “Ricardian Marxism” and the Role of F. Engels

Ernest Mandel’s contribution to Economic Dynamics

Ernest Mandel’s contribution to  Marxist economic theory, made in the late sixties and early seventies, was in its time without equal. He rescued from oblivion the most central concept available to us today in explaining the dynamics of uneven development …

Ernest Mandel’s contribution to Economic Dynamics

Creative Industries, Value Theory and Michael Heinrich’s New Reading of Marx

Abstract: This article utilises the new reading of Marx found in the work of Michael Heinrich to analyse the creative industries. It considers the role played in the production of value by the labour that takes place in the sphere …

Creative Industries, Value Theory and Michael Heinrich’s New Reading of Marx

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