The Notion of Power and the “Metaphysics†of Labor Values

Hüseyin Özel
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Hüseyin Özel: Department of Economics, Hacettepe University 06532 Beytepe-Ankara, Turkey, ozel@hacettepe.edu.tr

Review of Radical Political Economics, 2008, vol. 40, issue 4, 445-461

Abstract: A labor theory of value is necessary in Marx for two reasons: from an ontological point of view, a theory of value reveals how human transformative power (power1) becomes power as domination and exploitation (power2). From an epistemological point of view, a theory of value is capable of unlocking the mystery of the alienation and fetishism processes through which human beings are reduced to the bearers of abstract labor, thus of helping us to invert the upside-down reality of capitalism.

Keywords: power; agency; labor power; praxis; labor theory of value (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:40:y:2008:i:4:p:445-461

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