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Marx without the Labor Theory of Value

Author

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  • Geoff Hodgson

    (School of Economics, Newcastle upon Tyne Polytechnic, Newcastle upon Tyne, NEI 8ST, United Kingdom)

Abstract

An examination of the first few chapters of Capital I with a question in mind: what remains of Marx after the labor theory of value is removed? It is found that there exists a complex structure of concepts, not given sufficient attention in recent literature, which can illuminate the labor process and provide the basis for a notion of exploitation without the labor theory of value. The purpose is not to provide another critique of the labor theory, but to suggest a "reading" of Marx in the above terms.

Suggested Citation

  • Geoff Hodgson, 1982. "Marx without the Labor Theory of Value," Review of Radical Political Economics, Union for Radical Political Economics, vol. 14(2), pages 59-65, June.
    • Handle: RePEc:sae:reorpe:v:14:y:1982:i:2:p:59-65
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    Cited by:

    1. Richard SOBEL, 2020. "Marx’s Law of value and the ontology of labour: a Castoriadian critical point of view," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 13(2), pages 116-136, November.
    2. Richard Sobel, 2020. "Marx’s Law of value and the ontology of labour: a Castoriadian critical point of view," Post-Print hal-03013716, HAL.

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