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The One-Sidedness of Capital

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  • Michael A. Lebowitz

    (Department of Economics, Simon Fraser University, Burnaby, B.C., Canada V5A 1S6)

Abstract

Contrary to Rosdolsky (and most analysts), Marx's proposed book on wage-labor was not incorporated into Capital. As a result, Capital does not develop an adequate totality, an organic whole, in which all presuppositions are results. The production of wage-labor, upon which the reproduction of capital depends, stands outside capital as a presupposition but not a result. With the logical development of the side of wage-labor, an adequate totality (capitalism as a whole) may be constructed which is characterized by "the worker's own need for development" as well as by capital's need for valorization-i.e., by two-sided class struggle.Implications of the one-sidedness of Capital itself are exploredincluding the inadequacies which have produced proposals to abandon the concept of labor-power as a commodity.

Suggested Citation

  • Michael A. Lebowitz, 1982. "The One-Sidedness of Capital," Review of Radical Political Economics, Union for Radical Political Economics, vol. 14(4), pages 40-51, December.
    • Handle: RePEc:sae:reorpe:v:14:y:1982:i:4:p:40-51
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