Money and Totality: Marx’s Logic in Volume I of Capital

Fred Moseley

Chapter 6 in The Constitution of Capital, 2004, pp 146-169 from Palgrave Macmillan

Abstract: Abstract A widely accepted interpretation of Marx’s theory (e.g. Morishima, 1973; Steedman, 1977) is that Volume I of Capital is primarily about the determination of the labour-values of individual commodities. In other words, Volume I presents mainly a microeconomic theory, and the main microeconomic variables determined are the labour-values of commodities, rather than the prices of commodities.

Keywords: Capitalist Economy; Capitalist Production; Labour Time; Total Capital; Surplus Labour (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-3864-0_6

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DOI: 10.1057/9781403938640_6

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