Publication Date

4-5-2011

Description

In this article I argue that modern and postmodern critics of value theory share the premise that Marx’s theory of value disables the project of emancipatory social change. The modern critics claim the theory is logically flawed and must be either resituated in a consistent logical framework or replaced by a Sraffian alternative. The postmodern critics claim that the theory is necessarily reductionist and excludes or renders secondary important axes of social struggle. I argue that by using a poststructural logic, Marx’s theory of value can be interpreted in a way that both overcomes the perceived consistencies of the modern critics and is nonreductionist, allowing for the integration of noneconomic aspects of social struggle.

Journal

Rethinking Marxism

Volume

23

Issue

2

First Page

198

Last Page

215

Department

Economics

DOI

10.1080/08935696.2011.558753

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