Marx’s Law of value and the ontology of labour: a Castoriadian critical point of view

Richard Sobel ()
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Richard Sobel: CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique

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Abstract: In Marx's thought, is ‘law of value' a particular law of capitalism (historicism) or a general law of the economy (naturalism)? To clarify this ambiguity, this article proposes to employ the social ontology of Cornélius Castoriadis. For it, ‘labour' is not a substance, but a recent historical creation through which, finally, the capitalist mode of production expresses a fundamental truth about all society's way of being. From this perspective, we explore some consequences of this deconstruction for the theory of value as current neo-Marxist approaches may employ it today in their economic analyses.

Date: 2020-11-20
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Published in Journal of Philosophical Economics, 2020, Journal of Philosophical Economics, Volume XIII Issue 2, ⟨10.46298/jpe.10738⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03013716

DOI: 10.46298/jpe.10738

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