Value theory, politics and policy

Clair Quentin

Chapter 8 in Capital, Revenue and the Non-equilibrium Thermodynamics of Value, 2026, pp 108-125 from Edward Elgar Publishing

Abstract: This chapter discusses the expanding boundary around value creation, starting with the constrained boundary around agricultural labor promulgated by the Physiocrats and culminating in the ultra-wide boundary of heterodox ‘postoperaist’ Marxists, which includes even social media use during leisure time. The chapter narrates how the UK deployed what were, in substance, postoperaist claims about the scope of the boundary in international corporate tax negotiations, illustrating how a theory of value not proceeding from principle can find itself with unintended political alignments. The chapter concludes by characterizing the substantialist/Ricardian theory of value developed by this book, in contrast to twentieth-century developments in value theory, as both politically liberatory and theoretically principled.

Keywords: Value Theory; Postoperaismo; Corporate Tax; Multinational Enterprises; BEPS; Digital Economy (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035359998
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035360000.00015 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:24518_8

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().