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A Monetary Theory of Production

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The essential aim will be to reinterpret Marx’s theory of value from the standpoint of a modern monetary economy. In the tradition of the ‘Rubin’ school,it will be argued that the concept of abstract labour provides an analytical link between the two moments of the circuit of capital: between the process of the valorization of capital, on the one hand, and the realization of exchange-value, on the other. Marx’s original theory of value will be reconstructed to establish a connection between the concept of abstract labour and money.

Abstract

The essential aim will be to reinterpret Marx’s theory of value from the standpoint of a modern monetary economy. In the tradition of the ‘Rubin’ school,it will be argued that the concept of abstract labour provides an analytical link between the two moments of the circuit of capital: between the process of the valorization of capital, on the one hand, and the realization of exchange-value, on the other. Marx’s original theory of value will be reconstructed to establish a connection between the concept of abstract labour and money.

참고문헌 (45)

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