Exchange and Reciprocity

Desmond McNeill ()
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Desmond McNeill: University of Oslo

Chapter 12 in Fetishism and the Theory of Value, 2021, pp 205-223 from Palgrave Macmillan

Abstract: Abstract Marx interprets a famous passage in Aristotle’s Nicomachean Ethics in terms of his own labour theory. I contend that this explanation is flawed. Citing the work of several commentators on this passage, and drawing on an analysis of Marcel Mauss’ concept of reciprocity, I argue that in Ancient Greece (as also in many contemporary ‘traditional’ societies) the market was only incipient, and exchange was very much a social relation.

Keywords: Marx; Aristotle; Nichomachean Ethics; Justice; Labour theory; Mauss; Polanyi; Reciprocity; Exchange; Ancient Greece; Market; Social relation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-56123-9_12

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DOI: 10.1007/978-3-030-56123-9_12

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