Labour commodification

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Chapter 1 in Global Justice, Markets and Domination, 2020, pp 35-67 from Edward Elgar Publishing

Abstract: In the first chapter I propose a definition of labour commodification and I explain why it is a different concept from poverty. I develop my argument through basic examples and relying on the equation of social income proposed by Guy Standing, which can also tell us how to measure labour commodification. Then, I tackle two theoretical/historical questions. The first question is how did labour commodification originate, and in answering I make an analysis of Marx’s economic theory, explaining why my conception of capitalist domination and exploitation are disjointed from Marx’s labour theory and exploitation theory (and therefore also from the criticisms that can be made against them). The second question is how much labour commodification a given society can stand, or in other words how far the process of labour commodification can be brought. In responding to this second question I rely on concept of fictitious commodities proposed by Karl Polanyi.

Keywords: Economics and Finance; Politics and Public Policy Sociology and Social Policy (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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