Money and Abstract Labour
On the Analytical Foundations of Political Economy
Published on 5. May 2020
190 pages
978-1-78960-667-6 (ISBN)
Description
Recent trends in Marxist economic theory have sponsored the methods of modern logic and mathematics. In doing so, they have displaced not only the relatively philosophical style of reflection found in Capital but also certain key problems addressed there by Marx.
Ulrich Krause breaks new ground by applying mathematical techniques in an analysis of labor, money and exchange. Rejecting the notion of "homogeneous labour" as a basis of value theory, Krause develops his own understanding of the Marxist concept of "abstract labour," which he then integrates with an analysis of money in the process of commodity exchange. His book concludes with a new discussion of Marx's theory of value and surplus-value.
Money & Abstract Labour is a major intervention in one of the most vigorously contested areas of contemporary economic theory.
Ulrich Krause breaks new ground by applying mathematical techniques in an analysis of labor, money and exchange. Rejecting the notion of "homogeneous labour" as a basis of value theory, Krause develops his own understanding of the Marxist concept of "abstract labour," which he then integrates with an analysis of money in the process of commodity exchange. His book concludes with a new discussion of Marx's theory of value and surplus-value.
Money & Abstract Labour is a major intervention in one of the most vigorously contested areas of contemporary economic theory.
More details
Edition
Ebook UK & RoW
Language
English
Place of publication
London
United Kingdom
Product notice
Reflowable
ISBN-13
978-1-78960-667-6 (9781789606676)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Ulrich Krause | Jon Rothschild
Money and Abstract Labour
On the Analytical Foundations of Political Economy
Book
01/1982
Verso Books
€19.00
Shipment within 3-4 weeks
Persons
Content
- Cover Page
- Title Page
- Copyright Page
- Contents
- Preface to the English Edition
- 1. The Basic Model and the Commodity Form
- 2. The Value-Form
- 1. The Impossible Equation
- 2. The Value Relation
- 3. The Problem of Transitivity
- 3. Money and the Price-Form
- 1. The Structure of Money
- 2. The Quantity and Circulation of Money
- 4. Concrete Labour and Use-Structure
- 5. Abstract Labour and the Money Relation
- 1. Abstract Labour: a Simple Example
- 2. General Derivation of the Analytic Concept of Abstract Labour
- 3. The Exchange Curve
- 6. The Value-Structure of Production
- 1. Critique of Classical/Contemporary Labour Theory of Value
- 2. The Special Commodity Labour-Power
- 3. Surplus-Value and the Reproduction Curve
- 7. The Standard Reduction of Labour
- 1. The System of Prices of Production with Heterogeneous Labour
- 2. Definition and Properties of the Standard Reduction
- 3. Significance of the Standard Reduction
- Mathematical Appendix
- 1. Non-Negative Matrices
- 2. Cone Relations
- References
- Bibliography
- Additional Bibliography
