The Logical Construction of Value-Theory: More on Fine and Saad-Filho

in Historical Materialism
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Abstract

Fine and Saad-Filho are wrong to insist that an abstract category of production should be the starting point of Marxist value-theory in logical, temporal and causal terms. Marx, in Capital, begins with a repertoire of simpler categories and slowly constructs the complex category of capitalist production. It is vital that exploitation should be seen as one phase (however crucial) of a process of capital-in-motion, and due weight given to money, competition and realisation.

The Logical Construction of Value-Theory: More on Fine and Saad-Filho

in Historical Materialism

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