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

jpe:10738 - Journal of Philosophical Economics, November 20, 2020, Volume XIII Issue 2 - https://doi.org/10.46298/jpe.10738
Marx’s Law of value and the ontology of labour: a Castoriadian critical point of viewArticle

Authors: Richard Sobel 1

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.


Volume: Volume XIII Issue 2
Section: Articles
Published on: November 20, 2020
Imported on: December 28, 2022
Keywords: [SHS.ECO]Humanities and Social Sciences/Economics and Finance

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