The Recent Controversy on Marx’s Value Theory
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This paper critically assesses the recent debates on Marx’s value theory. Simultaneous Dual System Interpretation(SDSI) and New Interpretation(NI) on Marx’s value theory have flaws that Fundamental Marian Theorem may not hold,when there are negative physical surplus or net products. And NI and TSSI(Temporal Single System Interpretation)’s monetary expression of labour-time are challenged by the problem of circular reasoning because they are defined or determined in the transformation procedure. Therefore, Marx’s MELT should be determined based on his theory of commodity money.
Abstract
This paper critically assesses the recent debates on Marx’s value theory. Simultaneous Dual System Interpretation(SDSI) and New Interpretation(NI) on Marx’s value theory have flaws that Fundamental Marian Theorem may not hold,when there are negative physical surplus or net products. And NI and TSSI(Temporal Single System Interpretation)’s monetary expression of labour-time are challenged by the problem of circular reasoning because they are defined or determined in the transformation procedure. Therefore, Marx’s MELT should be determined based on his theory of commodity money.
참고문헌 (59)
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