Value and Money

  • Christopher J. Arthur


Value-form theory generally is inspired by Marx’s stress on the importance of value as a social form, and his criticism of classical political economy for neglecting this aspect of it. But applying this approach in a thoroughgoing and consistent way leads to a reconstruction of Capital. This chapter is not, then, intended as exegesis.


Production Price Capitalist Production Labour Time Capital Relation Spring Balance 
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  1. Arthur, Christopher J. (2004), ‘Money and the form of value’, in Riccardo Bellofiore and Nicola Taylor (eds), The Constitution of Capital (Basingstoke/New York Palgrave Macmillan), ch. 2.Google Scholar
  2. Hegel, G. W. F. (1817), The Encyclopaedia Logic, translated (from 3rd edn 1830) by T. F. Geraets, W. A. Suchting and H. S. Harris (Indianapolis: Hackett, 1991).Google Scholar
  3. Marx, Karl (1867a), Capital Volume I, translated (from 4th edn 1890) by B. Fowkes (Harmondsworth: Penguin, 1976).Google Scholar
  4. Marx, Karl (1867b), ‘The commodity, chapter one, volume one of the first edition of Capital’, in Value: Studies by Karl Marx, translated by A. Dragstedt (London: New Park, 1976).Google Scholar

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© Christopher J. Arthur 2005

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  • Christopher J. Arthur

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