Theory of a Purely Capitalist Society

  • Robert Albritton


In the previous chapter I argued that the Uno/Sekine conceptions of ‘pure capitalism’ and ‘levels of analysis’ represent reasonable extensions of Marx’s efforts in Capital. Because Marx’s understanding of the relation between the law of value and history was not well worked out, he fell back on the use of metaphors and vague expressions and failed to achieve a determinant theoretical conceptualization. The theory of a purely capitalist society’ and ‘levels of analysis’ are determinant concepts that can solve the problems Marx was wrestling with in a way that is most in keeping with his aim to construct a scientifically adequate theory of political economy. In this chapter I shall move from the focus on the relation between the logical and historical to a focus on the law of value itself. My main concern will be to indicate some of the improvements that Uno and Sekine make on Marx’s formulation of the law of value — improvements that flow primarily from a more determinant conceptualization of the theoretical object and from a more rigorous dialectical approach.


Periodic Crisis Price Determination Fixed Capital Reproduction Schema Capitalist Society 
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Copyright information

© Robert Albritton 1986

Authors and Affiliations

  • Robert Albritton
    • 1
  1. 1.Department of Political ScienceYork UniversityCanada

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