Exploitation of Labor or Exploitation of Commodities?

Deepankar Basu

Review of Radical Political Economics, 2023, vol. 55, issue 2, 233-250

Abstract: Attempts to use commodities to construct theories of value and use such value theory to claim that, in capitalism, commodities can be exploited, just like labor is, rest on two conceptual flaws: (a) failure to distinguish between labor and labor power and (b) failure to distinguish labor power and other commodities. One way to avoid these conceptual mistakes is to use the labor theory of value. JEL Classification: B51

Keywords: labor theory of value; generalized commodity exploitation theorem (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:55:y:2023:i:2:p:233-250

DOI: 10.1177/04866134221139011

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