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Marx’s Metaphysics of Human Labour in the Light of Sraffa: Labour Theory of Value Reconsidered

  • Ajit Sinha
Chapter
Part of the Marx, Engels, and Marxisms book series (MAENMA)

Abstract

In this chapter, I analyse the foundations of Marx’s analysis of a capitalist economy in terms of labour time to locate the root cause of Marx’s problem of relating values to prices and surplus values to profits, and then show how Sraffa succeeds in solving the problem by liberating Marx from his metaphysics of “human labour.”

Keywords

Karl Marx Piero Sraffa Labour theory of value Surplus value Standard system Standard commodity Adam Smith David Ricardo 

Notes

Acknowledgements

I take this opportunity to thank Professors Amit Bhaduri, Meghnad Desai, and Geoffrey Harcourt for their comments on an earlier draft of this chapter—the usual caveat applies.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Ajit Sinha
    • 1
  1. 1.Azim Premji UniversityBengaluruIndia

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