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Karl Marx on Value: (English)

Karl Marx on Value: (English)

          
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About the Book

Professor Scott, the author of "Syndicalism & Philosophic Realism," deals in the short study with the fallacy underlying Marx's theory of value, promising to return at some future time to his main teaching and hypotheses regarding capitalistic society. As is well known, Marx's theory of exchange-value was that its measure is the amount of labour socially necessary for its production. Marx, after having defined exchange-value; and having raised the question 'where does this mysterious power named exchange-value come from?' proceeds to build upon his answer, which he assumes is the correct one. He builds as we know an entire economic system upon it, all without offering the reader any test whereby he might try and see for himself whether it is the true answer or no. But actually, if value comes from labour alone, as in Marxian economics, it will vary with it. But it does not do so; the price of an article admittedly follows the total amount of capital requisite for the thing's production. Does the whole teaching of Marx fall with the defective corner-stone which his ablest followers have so definitely abandoned? "Is there no truth at all hovering around Marx's somewhat cumbrous mind as he works out a theory of value through so many hundred pages." What is left is that in some general sense of the term man lives by labour, and that we are all here to work, "but nothing that he has given will enable us to say of those who are obviously working, how much work they are doing," and our one hope of success in settling these questions will be precisely on our ability to forget altogether the sort of abstract quantitative standards that Marx endeavoured to use. -"International Journal of Ethics," Vol. 31


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Product Details
  • ISBN-13: 9781534931787
  • Publisher: Createspace Independent Publishing Platform
  • Publisher Imprint: Createspace Independent Publishing Platform
  • Height: 229 mm
  • No of Pages: 64
  • Series Title: English
  • Weight: 100 gr
  • ISBN-10: 1534931783
  • Publisher Date: 26 Jun 2016
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 3 mm
  • Width: 152 mm


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