Criticism Of Value-form
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Criticism Of Value-form
Especially during the last half century, there have been many critical appraisals of Karl Marx’s ideas about the form of value in capitalist society. Marx himself provided a starting point for the scholarly controversy when he claimed that ''Capital, Volume I'' was not difficult to understand, "with the exception of the section on the form of value." Friedrich Engels argued in his ''Anti-Dühring'' polemic of 1878 (when Marx was still alive) that "The value form of products... already contains in embryo the whole capitalist form of production, the antagonism between capitalists and wage-workers, the industrial reserve army, crises..." Nowadays there are many scholars who feel that Marx’s theory of the value-form was badly misinterpreted for more than a hundred years. This allegedly had the effect that the radical, revolutionary meaning of Marx’s critique of capitalism as a whole was misunderstood or diminished, so that it became just another version of academic economics ...
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Karl Marx
Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels), and his three-volume (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence. Born in Trier in the Kingdom of Prussia, Marx studied at the universities of Bonn and Berlin, and received a doctorate in philosophy from the University of Jena in 1841. A Young Hegelian, he was influenced by the philosophy of Georg Wilhelm Friedrich Hegel, and both critiqued and developed Hegel's ideas in works such as '' The German Ideology'' (written 1846) and the '' Grundrisse'' (written 1857–1858). While in Paris, Marx wrote ...
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Friedrich Von Hayek
Friedrich August von Hayek (8 May 1899 – 23 March 1992) was an Austrian-born British academic and philosopher. He is known for his contributions to political economy, political philosophy and intellectual history. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how prices communicate information is widely regarded as an important contribution to economics that led to him receiving the prize. He was a major contributor to the Austrian school of economics. During his teenage years, Hayek fought in World War I. He later said this experience, coupled with his desire to help avoid the mistakes that led to the war, drew him into economics. He earned doctoral degrees in law in 1921 and political studies in 1923 from the University of Vienna. He subsequently lived and worked in Austria, Great Britain, the United Stat ...
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Das Kapital
''Capital: A Critique of Political Economy'' (), also known as ''Capital'' or (), is the most significant work by Karl Marx and the cornerstone of Marxian economics, published in three volumes in 1867, 1885, and 1894. The culmination of his life's work, the text contains Marx's analysis of capitalism, to which he sought to apply his theory of historical materialism in a critique of political economy, critique of classical political economy. 's second and third volumes were completed from manuscripts after Marx's death in 1883 and published by Friedrich Engels. Marx's study of political economy began in the 1840s, influenced by the works of the classical political economists Adam Smith and David Ricardo. His earlier works, including ''Economic and Philosophic Manuscripts of 1844'' and ''The German Ideology'' (1846, with Engels), laid the groundwork for his theory of historical materialism, which posits that the Base and superstructure, economic structures of a society (in par ...
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Lenin
Vladimir Ilyich Ulyanov ( 187021 January 1924), better known as Vladimir Lenin, was a Russian revolutionary, politician and political theorist. He was the first head of government of Soviet Russia from 1917 until Death and state funeral of Vladimir Lenin, his death in 1924, and of the Soviet Union from 1922 until his death. As the founder and leader of the Bolsheviks, Lenin led the October Revolution which established the world's first socialist state. His government won the Russian Civil War and created a one-party state under the Communist Party of the Soviet Union, Communist Party. Ideologically a Marxist, his developments to the ideology are called Leninism. Born into a middle-class family in Simbirsk in the Russian Empire, Lenin embraced revolutionary socialist politics after Aleksandr Ulyanov, his brother was executed in 1887 for plotting to assassinate Alexander III of Russia, the tsar. He was expelled from Kazan Imperial University for participating in student prote ...
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Surplus Product
Surplus product () is a concept theorised by Karl Marx in his critique of political economy. Roughly speaking, it is the extra goods produced above the amount needed for a community of workers to survive at its current standard of living. Marx first began to work out his idea of surplus product in his 1844 notes on James Mill's ''Elements of political economy''. Notions of "surplus produce" have been used in economic thought and commerce for a long time (notably by the Physiocrats), but in ''Das Kapital'', ''Theories of Surplus Value'' and the ''Grundrisse'' Marx gave the concept a central place in his interpretation of economic history. Nowadays the concept is mainly used in Marxian economics, political anthropology, cultural anthropology, and economic anthropology. The frequent translation of the German "" as "surplus" makes the term "surplus product" somewhat inaccurate, because it suggests to English speakers that the product referred to is "unused", "not needed", or "redun ...
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Marcel Van Der Linden
Marcel Marius van der Linden (born 9 October 1952)Prof. dr. M.M. van der Linden, 1952 -
at the UvA ''Album Academicum'' website. is a Dutch . He was director of research at the until 2014 and is now Senior Researcher at the Institute. He also holds a professorship dedicated to the history of at the

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Labour Theory Of Value
The labor theory of value (LTV) is a theory of value that argues that the exchange value of a good or service is determined by the total amount of " socially necessary labor" required to produce it. The contrasting system is typically known as the subjective theory of value. The LTV is usually associated with Marxian economics, although it originally appeared in the theories of earlier classical economists such as Adam Smith and David Ricardo, and later in anarchist economics. Smith saw the price of a commodity as a reflection of how much labour it can "save" the purchaser. The LTV is central to Marxist theory, which holds that capitalists' expropriation of the surplus value produced by the working class is exploitative. Modern mainstream economics rejects the LTV and uses a theory of value based on subjective preferences. Definitions of value and labor According to the LTV, value refers to the amount of socially necessary labor to produce a marketable commodity; Accor ...
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Historical Materialism
Historical materialism is Karl Marx's theory of history. Marx located historical change in the rise of Class society, class societies and the way humans labor together to make their livelihoods. Karl Marx stated that Productive forces, technological development plays an important role in influencing social transformation and therefore the mode of production over time. This change in the mode of production encourages changes to a society's economic system. Marx's lifetime collaborator, Friedrich Engels, coined the term "historical materialism" and described it as "that view of the course of history which seeks the ultimate cause and the great moving power of all important historic events in the economic development of society, in the changes in the modes of production and exchange, in the consequent division of society into distinct classes, and in the struggles of these classes against one another." Although Marx never brought together a formal or comprehensive description of ...
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Gerald Cohen
Gerald Allan Cohen ( ; 14 April 1941 – 5 August 2009) was a Canadian political philosopher who held the positions of Quain Professor of Jurisprudence, University College London and Chichele Professor of Social and Political Theory, All Souls College, Oxford. He was known for his work on Marxism, and later, egalitarianism and distributive justice in normative political philosophy. Background Born into an ethnically Jewish but "militantly anti-religious" and communist family in Montreal, Quebec, on 14 April 1941, Cohen was educated at the Morris Winchevsky School, Strathcona Academy, and Outremont High School. He then attended McGill University, obtaining a BA in philosophy and political science, and the University of Oxford, where he studied under Gilbert Ryle (and was also taught by Isaiah Berlin) and obtained a BPhil in philosophy. Academic career Cohen was assistant lecturer (1963–1964), lecturer (1964–1979), then reader (1979–1984) in the Department of Philo ...
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A Defence
A, or a, is the first letter and the first vowel letter of the Latin alphabet, used in the modern English alphabet, and others worldwide. Its name in English is '' a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version is often written in one of two forms: the double-storey and single-storey . The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English, '' a'' is the indefinite article, with the alternative form ''an''. Name In English, the name of the letter is the ''long A'' sound, pronounced . Its name in most other languages matches the letter's pronunciation in open syllables. History The earliest known ancestor of A is ''aleph''—the first letter of the Phoenician ...
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