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Rethinking the Determination of the Value of Labor Power

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  • Guido Starosta
  • Alejandro Fitzsimons

Abstract

This article critically examines the received wisdom on the value of labor power that posits the workers’ material reproduction and the class struggle as two independent factors that determine the bundle of wage-goods consumed by the working class. It shows that this reading has no solid textual basis on Marx’s writings. Furthermore, it argues that it rests on a problematic separation of the actual immanent unity between materiality and social form in the capitalist mode of production.

Suggested Citation

  • Guido Starosta & Alejandro Fitzsimons, 2018. "Rethinking the Determination of the Value of Labor Power," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(1), pages 99-115, March.
    • Handle: RePEc:sae:reorpe:v:50:y:2018:i:1:p:99-115
    DOI: 10.1177/0486613416670968
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    References listed on IDEAS

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    1. Balconi, Margherita, 2002. "Tacitness, codification of technological knowledge and the organisation of industry," Research Policy, Elsevier, vol. 31(3), pages 357-379, March.
    2. Mavroudeas, Stavros, 2003. "The French Regulation Approach and its Theory of Consumption," MPRA Paper 19730, University Library of Munich, Germany.
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