The mercantile form of value and Its place in Marx’s theory of the commodity

dc.contributor.authorAhumada, PE
dc.date.accessioned2013-04-18T03:36:37Z
dc.date.available2012-07-06
dc.date.issued2007
dc.description.abstractThis paper re-interprets Marx’s theory of the form of value in the context of his theory of the commodity. Building on the unresolved tension between Marx’s concept of value and the specific character of the labour constituting itself as value in his theory of commodity production, this paper argues that Marx’s is actually a theory of the mercantile form of value. Thus, it becomes evident that the process of realisation of material production in commodity production and the process giving rise to money are the same, and that they are only the material manifestation of the process of realisation of private and independent work as social labour. This characterises commodity production as the unity-in-difference of a material and a social moment, showing that Marx’s mercantile form of value is the conceptualisation of Adam Smith’s invisible hand. The paper also argues that Marx’s is not the theory of a money commodity.
dc.format.extentpp.843-867
dc.identifier.citationAhumada, P. E. (2007). The mercantile form of value and Its place in Marx’s theory of the commodity. Cambridge Journal of Economics, 36(4), 843-867.
dc.identifier.doi10.1093/cje/bes015
dc.identifier.eissn1464-3545
dc.identifier.issn0309-166X
dc.identifier.urihttps://hdl.handle.net/10182/5371
dc.language.isoen
dc.publisherOxford University Press
dc.relationThe original publication is available from Oxford University Press - https://doi.org/10.1093/cje/bes015 - http://dx.doi.org/10.1093/cje/bes015
dc.relation.isPartOfCambridge Journal of Economics
dc.relation.urihttps://doi.org/10.1093/cje/bes015
dc.rightsCopyright © The Author Published by Oxford University Press all rights reserved
dc.subjectcommodity
dc.subjectmercantile form of value
dc.subjectmoney
dc.subjectMarx
dc.titleThe mercantile form of value and Its place in Marx’s theory of the commodity
dc.typeJournal Article
lu.contributor.unitLincoln University
lu.contributor.unitFaculty of Agribusiness and Commerce
pubs.issue4
pubs.publication-statusPublished
pubs.publisher-urlhttp://dx.doi.org/10.1093/cje/bes015
pubs.volume26
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