Cover: Marx’s Theory of Value in Chapter 1 of Capital
Fred Moseley
Marx’s Theory of Value in Chapter 1 of Capital
- A Critique of Heinrich’s Value-Form Interpretation
ISBN: 978-3-031-13210-0
167 Seiten | €
E-Book [Kindle]
Erscheinungsdatum:
25.04.2023
Politik
Fred Moseley

Marx’s Theory of Value in Chapter 1 of Capital

A Critique of Heinrich’s Value-Form Interpretation

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Chapter 1 is the most important chapter in Capital, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called “value-form interpretation” of Marx’s theory in general and Chapter 1 in particular. The most important proponent of the value-form interpretation today, both in Germany and in the English-speaking world, is Michael Heinrich, and Heinrich’s work has emphasized the first chapter. Heinrich’s latest book in English is a detailed commentary of the first seven chapters of Volume 1 of Capital. The publication of an English translation of Heinrich’s book is an important event in Marxian scholarship and it is important to critically engage with this important book in order to advance our understanding of this critical foundational chapter. This book emphasizes the quantitative issue of whether the magnitude of value and socially necessary labour-timeare determined in production or also depend on exchange and demand, which has been the main issue in the controversy over the value-form interpretation.


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Postleitzahl
Veröffentlichung:25.04.2023
Seiten167
Art des MediumsE-Book [Kindle]
ReiheMarx, Engels, and Marxisms
ISBN-13978-3-031-13210-0
ISBN-103031132106
EAN/ISBN

Über den Autor

Fred Moseley is Emeritus Professor of Economics at Mount Holyoke College, USA, and author most recently of Money and Totality: A Macro-Monetary Interpretation of Marx’s Logic in Capital and the End of the ‘Transformation Problem (2017).


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