Expectation, Financing, and Payment of Nonmarket Production

Jean-Marie Harribey

International Journal of Political Economy, 2009, vol. 38, issue 1, 58-80

Abstract: We try to show that non-marketable services have a non-market monetary value, which is not extracted from the private sector and redirected to the public sector but produced by the latter. Work done in non-marketable services is not exchanged for capital, nor is it exchanged for levied income. Instead, it is exchanged for income that is produced following a collective decision on the expectation of collective needs. Monetary financing is necessary to start up both capitalist activity and public activity. We can therefore distinguish expectation of production, financing of production and payment of production. They are three moments of the dynamic process of production. Thus, it is possible to formulate a political economy of the decommodification of the society.

Date: 2009
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DOI: 10.2753/IJP0891-1916380103

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