The relationship between politics and economic knowledge is contested. One general view claims that economics should be devoid of politics because of its corrupting effects, while another view posits the converse – that politics can be distorted by the impact of economic knowledge. Both views hold that the solution is to remove the influence of the one on the other. I construe these two broad views as variations on the same contamination thesis, the idea that politics and economics are separate (...) domains and so should not contaminate one another. I suggest that this thesis is a version of the political/non-political distinction required by the ubiquitous ideal of a self-governing community, and that it therefore exhibits the limitations intrinsic to this ideal. The remedial possibilities of Michel Foucault's investigations into governmentality are then briefly explored. (shrink)

This essay is an attempt to piece together the elements of G. A. Cohen's thought on the theory of socialism during his long intellectual voyage from Marxism to political philosophy. It begins from his theory of the maldistribution of freedom under capitalism, moves onto his critique of libertarian property rights, to his diagnosis of the “deep inegalitarian” structure of John Rawls' theory and concludes with his rejection of the “cheap” fraternity promulgated by liberal egalitarianism. The paper's exegetical contention is that (...) Cohen's work in political philosophy is best understood in the background of lifelong commitment to a form of democratic, non-market, socialism realizing the values of freedom, equality and community, as he conceived them. The first part of the essay is therefore an attempt to retrieve core socialism-related arguments by chronologically examining the development of Cohen's views, using his books as thematic signposts. The second part brings these arguments together with an eye to reconstructing his vision of socialism. It turns out that Cohen's political philosophy offers a rich conception of objective and subjective freedom, an original understanding of justice as satisfaction of genuine need, and a substantive ideal of fraternity as justificatory community with others. If properly united, these values can suggest a full-bloodied account of the just polity, and give us a glimpse into what it means, for Cohen, to treat people as equals. (shrink)

This essay is an attempt to piece together the elements of G. A. Cohen’s thought on the theory of socialism during his long intellectual voyage from Marxism to political philosophy. It begins from his theory of the maldistribution of freedom under capitalism, moves onto his critique of libertarian property rights, to his diagnosis of the “deep inegalitarian” structure of John Rawls’ theory and concludes with his rejection of the “cheap” fraternity promulgated by liberal egalitarianism. The paper’s exegetical contention is that (...) Cohen’s work in political philosophy is best understood in the background of lifelong commitment to a form of democratic, non-market, socialism realizing the values of freedom, equality and community, as he conceived them. The first part of the essay is therefore an attempt to retrieve core socialism-related arguments by chronologically examining the development of Cohen’s views, using his books as thematic signposts. The second part brings these arguments together with an eye to reconstructing his vision of socialism. It turns out that Cohen’s political philosophy offers a rich conception of objective and subjective freedom, an original understanding of justice as satisfaction of genuine need, and a substantive ideal of fraternity as justificatory community with others. If properly united, these values can suggest a full-bloodied account of the just polity, and give us a glimpse into what it means, for Cohen, to treat people as equals. (shrink)

As late twentieth-century discourses of modernity and postmodernity invoke their Enlightenment heritage in a search for the origins of their present achievements and predicaments, Adam Smith's works are still seen as a canonic representative of that heritage. Smith has long been evoked as the ‘father’ of economics and the original proponent of laissez-faire capitalism, but the political changes in recent decades have reconstituted his iconic status. With the full range of Smith's published and unpublished writings and lectures now widely available, (...) there has been a huge growth in the scholarly literature on Smith which has subjected this traditional view to searching questions. The overwhelming conclusion to emerge is that Smith's works display a subtlety and complexity that is at odds with the received image of Smith as the spokesman of modernity, but the diversity of interpretation raises some difficult methodological issues. (shrink)

Comparing the typologies of human activities developed by Beauvoir and Arendt, I argue that these philosophers share the same concept of labor as well as a similar insight that labor cannot provide a justification or evaluative measure for human life. But Beauvoir and Arendt think differently about work (as contrasted with labor), and Arendt alone illuminates the inability of constructive work to provide non-utilitarian value for human existence. Beauvoir, on the other hand, exceeds Arendt in examining the ethical implications of (...) our existential need for a plurality of free peers in a public realm. (shrink)

A partir de um exame de textos escritos por Du Pont de Nemours, Le Mercier de la Rivière, Victor Riquetti de Mirabeau e François Quesnay, e tendo em vista a unidade da teoria política formada e desenvolvida pela fisiocracia, buscaremos examinar como a análise econômica dessa doutrina encontra suas condições de emergência a partir de uma elaboração política que lhe é precedente: o jusnaturalismo. Assim, destacaremos a importância desse retorno filosófico para a compreensão de conceitos como produto líquido ou mesmo (...) para a ênfase dada à agricultura. Essa abordagem nos permitirá melhor avaliarmos de que forma o estudo das riquezas não se emancipa de uma teoria social e política que viceja, no final das contas, no tradicional terreno do direito natural. (shrink)

In this article I reply to three critics. Responding to Cinzia Arruzza, I argue that capital encounters a large spectrum of differences of gender, religion and ethnicity, as well as differences generated by racism. Capital is able to use these differences to its own profit in order to differentiate wages and intensities of exploitation and thereby divide the working class. Responding to Peter Osborne, I contend that my temporal-layered framework elucidates how capital organises and synchronises different temporalities according to the (...) dominant temporality of socially-necessary labour time. I combine Bloch’s idea of ‘multiversum’ and Benjamin’s idea of history in order to show how conflicting temporalities can disclose new political possibilities of liberation. Responding to Harry Harootunian, I articulate the relationship between my reading of Marx and the Postcolonial critique. (shrink)

According to Sir Karl Popper, there is a harmful approach to the social sciences called 'historicism'. This takes their principal aim to be historical prediction of an unconditional sort and the chief means to this the discovery of laws of historical development. The chief exemplar is held to be Marx. This paper distinguishes two possible sorts of laws of historical development. Popper's arguments against each are rejected. Which sort it is most plausible to ascribe to Marx is considered. Four models (...) of historical determinism are distinguished and the question of Marx's view or views on the question is discussed in terms of them. (shrink)

Critical realism has been an important advance in social science methodology because it develops a qualitative theory of causality which avoids some of the pitfalls of empiricist theories of causality. But while there has been ample work exploring the relationship between critical realism and qualitative research methods there has been noticeably less work exploring the relationship between dialectical critical realism and qualitative research methods. This seems strange especially since the founder of the philosophy of critical realism, Roy Bhaskar, employs and (...) develops a range of dialectical concepts in his later work in order to extend the main tenets of critical realism. The aim of this paper is to draw on Bhaskar's later work, as well as Marxism, to reorient a critical realist methodology towards a dialectical approach for qualitative research. In particular, the paper demonstrates how dialectical critical realism can begin to provide answers to three common criticisms made against original critical realist methodology: that the qualitative theory of causal powers and structures developed by critical realists is problematic; that critical realist methodology contains values which prove damaging to empirical research; and that critical realists often have difficulties in researching everyday qualitative dilemmas that people face in their daily lives. (shrink)

Once we shift the intension of the concept of wage-labour from juridical attributes of negative ownership and contractual freedom to the actual performance of capital-positing labour, the extension of the concept – the cases that fall under it – changes as well. Once the concept of wage-labour is intensively re-defined as capital-positing labour, it becomes evident that the history and the geographical scope of wage-labour have not been well understood. This shift in the intension of the concept of wage-labour also (...) disjoins the association between capitalism and freedom. (shrink)

This article aims at contributing to current debates on the ‘new imperialism’ by presenting the main results of a reading of Marx’sCapitalin light of his writings on colonialism, which were unknown in the early Marxist debate on imperialism. It aims to prove that, in his main work, Marx does not analyse a national economy or – correspondingly – an abstract model of capitalist society, but a world-polarising and ever-expanding system. This abstraction allows the identification of the laws of development of (...) capitalism and its antagonisms, and reflects the tendency of the capital of the dominant states, by making permanent recourse also to methods of so-called ‘primitive accumulation’, to expand and increase the exploitation of workers worldwide, and, at the same time, the cooperation between them. What, for Marx, was later defined as imperialism is the concrete form of the process of ‘globalisation’ of the capital of the dominant states. With the development of his analysis, Marx became increasingly aware of the economic and political consequences of imperialism. In his activity within the First International, with regard to the question of Irish independence, he affirmed the fundamental importance of building a real solidarity between class struggles in imperialist countries and anti-colonial resistance in colonised and dependent countries. His examination of imperialism and internationalist perspective were downplayed, denied, if not completely reversed in the interpretation and systematisation of his thought by reformist leaders within the Second International. In their attempt to react against this tendency and develop an analysis and a political strategy adequate to the new phase of generalised imperialist expansion, increased inter-imperialist rivalries and rising anti-colonial resistance, Rosa Luxemburg and Lenin reaffirmed the centrality of the critique of imperialism at the economic and at the political levels. Even if they were partially unaware of this, they thus developed and expanded on some aspects already present in Marx’s work. (shrink)

In the wake of Foucault, the debate on biopolitics has focused on the tensions of bíos and zoé, community and immunity, generation and thanatopolitics. What remains obscure in these accounts is the experiential aspect of life – its unfolding and entanglement with the ageing process. This is true both of approaches that emphasize the ethical implications of the life sciences and those that explore the biopolitical workings of wider social processes. In the contemporary capitalist formation, life’s unfolding is caught up (...) in global flows of information, finance and labour. The organization of the human faculties, the general preconditions for knowledge and communication, becomes central to value creation. And the human body, like fixed capital for Marx, becomes a cost to be amortized as quickly as possible. Investigating these processes with regard to transformations in practices of care provides a means for reassessing current debates regarding the ageing of people and populations. (shrink)

Although the concept of value is central to sustainable business models (SBMs), the field has struggled to clarify what value is. SBM research accounts for multiple forms of value directed at multiple stakeholders. We argue that this diversity challenge should be addressed not by seeking a field-unifying definition of value but by developing methodological guidelines for a field-specific approach to defining value in SBM contexts. Based on Aristotelian logic and philosophical phenomenology of value, we develop an analytical framework that can (...) be used for generating good definitions of value. We use this framework to explore approaches to value in extant SBM literature, highlight problematic patterns in applications of this concept, and suggest ways to avoid these patterns. The result is a guide to assist SBM researchers in exploring and defining value, and in applying their definitions consistently in theory building efforts. (shrink)

In this paper, we undertake a genealogical study to illustrate how Karl Marx derives his concept of class conflict from Adam Smith’s theory of social order. Based on these findings, we argue that both Smith’s and Marx’s political economies should be interpreted in relation to each other – from the perspective of social philosophy, in particular their shared concepts of social order and necessary opposition of class interests. By appeal to process philosophy, we also argue that this reinterpretation needs to (...) take into account two other ideas shared by Smith and Marx, namely the social individual as person-in-community, and the pursuit of desirable social forms from a humanistic perspective. We conclude by contending that business management practice would benefit from understanding the role of class tensions and social order in stakeholder relations. Specifically, management and organization scholarship should focus on philosophical examinations of the influence of social order on economic activities in an organization in a way that is far more appreciative of the social relations of individuals as being the primary, rather than a secondary, concern. (shrink)

G. A. Cohen's influential ?technological determinist? reading of Marx's theory of history rests in part on an interpretation of Marx's use of ?material? whose idiosyncrasy has been insufficiently noticed. Cohen takes historical materialism to be asserting the determination of the social by the material/asocial, viz. ?socio?neutral? facts about human nature and human rationality which manifest themselves in a historical tendency for the forces of production to develop. This paper reviews Marx's writings to demonstrate the extensive textual evidence in favour of (...) the traditional interpretation ? that for Marx, the ?material? includes the economic, and is thus ineluctably social in character. Thus those critics of Cohen who have urged the inclusion of the relations of production in historical materialism's explanans do seem to have Marx's terminological and conceptual backing. (shrink)

Insisting on the status of money as a creature of both the market and the state, this article challenges dualistic understandings of capitalist imperialism as entailing two fundamentally distinct logics, one capitalist, the other territorial. In opposition to the dual-logics position, the article argues for the distinctiveness of capitalist money in terms of a complex butunitarysocio-economic logic. The social dynamism of this logic involves the spatial-territorial extension of the domain of modern value relations, embodied in fully-capitalist money. Departing from the (...) development of coinage in ancient Greece, the article proceeds to identify the 1690s in Britain as the decisive moment in the emergence of a new and distinctively capitalist form of (world) money, institutionally based upon the Bank of England, in which state debt was thoroughly integrated with private financial markets. The crucial role of the Bank of England in this new monetary system is shown to have pivoted on its capacities to finance Britain’s inter-colonial wars. Colonialism, war, slavery and dispossession underline the omnipresence of ‘blood and dirt’ (Marx) in the development and reproduction of capitalist impersonal power as expressed in world money. Undoing the impersonal power characteristic of bourgeois money thus entails undoing the economic dispossession of the labouring poor, which forms the basis of their ‘possession’ by capital. (shrink)

Although Marx dubbed landowners one of the ‘three great classes’ of modern society, the most prominent Marxian and socialist thinkers of capitalism and land over the past century – from Lefebvre to Massey to Harvey – have implicitly or explicitly argued that landowners are not capitalism’s ‘third class’, and that the social relations of land are marginal or contingent to the mode of production as a whole. Through assessing the work of Marxist geographers, political economists, value-form theorists, and others who (...) have dismissed the class-status of landowners and blurred the line between ground rent and interest, this article argues that the theory of the landowning class is fundamental to the understanding of the totality of capitalist social relations, as well as to developing more incisive analyses of struggles around housing, land, and movement today. (shrink)

Philosophy & Social Criticism, Volume 48, Issue 9, Page 1302-1328, November 2022. Robinson Crusoe is a mythic character who lives not only in the popular imaginary but through the history of political and social thought. Defoe’s protagonist lives marooned on his island, isolated and apart from society. The narrative is a perfect naturalisation of the ‘bourgeois’ world, dependent on an ontology of the self-sufficient individual. This article analyses this lineage in the social contract theory of Hobbes, Locke and Rousseau. Later, (...) Hegel used the novel to illustrate his dialectic of mastery/servitude. Challenging the atomism of the state of nature, Hegel’s theory of recognition gives an account of positive freedom, where the individual is formed in and through social interdependence. This sociality is continued by Marx, who satirises Defoe's novel in his value-form critique of political economy. The value-form provides insight into Robinson's island labour and Marx's difference with Locke's labour theory of value. For Marx, the myth of ‘natural man’ hides the domination of capitalist development and Robinson Crusoe reflects the internalisation of the abstract rationality of commodity society. However, Marx's immanent critique of the novel points to a radical idea of social life and freedom. (shrink)

A further critique of Fine and Saad-Filho's reading of Marxist political economy: it neglects the monetary dimension of Marx's analysis; it focuses too much on production, and on the organic composition of capital, treated in isolation from the overall circuit of capital. An alternative theorisation is proposed, stressing what will now be called emergence patterns in Marx's value theory, and giving due weight to circulation, realisation, competition and capital allocation.

Recent years have witnessed an increasing number of attempts to reconstruct Marxian theory in forms that can be assessed by reference to currently received standards in various disciplines. The work has even been said to establish a new paradigm: “analytical Marxism.” One doesn't have to endorse this claim to recognize a good deal of merit in the work. Through creative application of state-of-the-art methods to traditional Marxian issues, researchers have promoted productive cross-fertilization with non-Marxian programs and have revealed many problems (...) that must be resolved for fruitful development of Marxian theory. Marx's work can be relevant to today's problems only if it is examined from vantage points provided by subsequent scientific and philosophical achievements. Moreover, critical engagement with the best science of the day has been an essential part of the Marxian theoretical project from the beginning. (shrink)

ABSTRACTWe examine Marx's critiques of language, politics, and capitalist political economy and show how these anticipated critical discourse and argumentation analysis and ‘cultural political economy’. Marx studied philology and rhetoric at university and applied their lessons critically. We illustrate this from three texts. The German Ideology critically explores language as practical consciousness, the division of manual and mental labor, the state, hegemony, intellectuals, and specific ideologies. The Eighteenth Brumaire studies the semantics and pragmatics of political language and how it represents (...) the class content of politics and contributes to social transformation. Capital deconstructs the categories of classical political economy and their constitutive role in capitalist social relations. This is one aspect of CPE. Capital also highlights the structural and agential aspects of these relations, their contradictory dynamic, and their crisis-prone character. We comment on this aspect too. This said, Marx held that social transformation is mediated through political imaginaries and highlighted the need for the proletariat to develop a ‘poetry’ of the future. We then consider the misleading ‘base-superstructure’ metaphor and note how, against the thrust of Marx's work, it tends to reify culture. The article concludes that Marx contributed to the critique of semiotic as well as political economy. (shrink)

Crisis is endemic to capitalism. But can it be proved that capitalism will bring about its own terminal crisis? This article frames this question in light of ongoing debates in theories of crisis and value by polemically comparing two related but divergent perspectives. The first, that of Robert Kurz and several Wertkritik authors, argues that cyclical crises of capital necessarily lead to a terminal crisis – and that this terminal crisis is already underway. The second, that of Michael Heinrich, argues (...) that there is no way to demonstrate that capital will not continue reinventing new sites and forms for creating surplus value. Through this comparison, this article achieves two aims: first, it establishes the general point that how we understand value determines how we understand crisis; and, second, it shows limitations of the ‘terminal crisis’ hypothesis, and concludes that Kurz’s terminal crisis theory risks making crisis a transhistorical concept. (shrink)

The concept of ideology plays an important part in contemporary social and political thinking. In many works which raise the question about the relationship between what men think and how their societies operate some mention of ideology is made. Since the variety of thinkers who write about this relationship have a variety of views on the subject, it is not at all surprising that they disagree about just what an ideology is. It might be helpful if we could agree on (...) just one usage, or, failing that, understand why a variety of usages is necessary and understand them. (shrink)

Stephen Miller attempts to confute the idea that capitalist accumulation characterised the agriculture of the Île-de-France prior to the Revolution. Instead he tries to assimilate the agriculture of the north into theAnnalesmodel of neo-Malthusian agricultural cycles and Chayanovian subsistence economy which is supposedly characteristic of the Midi. I argue instead that the notion of a northern capitalist agriculture is rooted not only in the extensive modern research of Moriceau but in the political-economic writings of Turgot and Marx which have been (...) largely ignored. Accumulation in the sense of the growth of fixed and variable capital and emerging technological progress characterised northern agriculture. The persistence of small producers which Miller sees as an index of unchanging stasis might better be investigated in terms of the evolution over time of a reservoir of wage labour for larger-scale enterprises as pointed out by Kautsky. (shrink)

Jairus Banaji’s collection of essays is a stimulating and provocative assessment of recent Marxist history-writing on issues of social theory and historical development in both ancient as well as modern societies. It challenges the overly simplistic application of Marx’s categories of analysis, arguing for both complexity and a clearer theorisation of fundamental terminology and analytical tropes, including labour-process and mode of production. This review article suggests that, while the basic arguments represent a welcome corrective to some Marxist historical work, and (...) at the same time address in an accessible way non-Marxist historians, there remain some problematic issues, in particular in respect of the criteria for differentiating between different types of mode of production, the level at which this concept has heuristic application, and the distinction between the political/institutional and the modal instances of theorisations of social-economic relations. Some of these issues are exemplified by reference to particular historical cases. (shrink)

The aim is to defend the starting?point of Marx's theory of class, which is located in a definition of the working class in the Communist Manifesto. It is a definition solely in terms of separation from productive resources and a need to sell one's labour power, and it is closely connected with Marx's thesis that the population in capitalism has a tendency to polarize. That thesis conflicts with the widely?held belief in the growth of a large middle class, unaccounted for (...) by Marx. Moreover, recent critics such as Elster, Roemer, and Cohen have argued that this definition fails even in its own terms. The definition is refurbished so as to withstand these objections. But is there any point in using it? Does it serve to pick out the exploited producers as Marx intended? It does, once due attention is given to the idea of the collective worker, which is central in the volume of Capital which Marx himself published. That idea makes plain that it is an irreducibly corporate entity which is productive and subject to exploitation. The structural conditions for membership of that entity remove Marx's view from any simple identification of working?class membership with manual or lowly labour. (shrink)

How is the desk, or the room in which one works and day-dreams, a concern for critical political economy? How does this theme open onto thinking about ‘the new normal’? Marx’s concept of the consumption fund and Bachelard’s poetics of space will help us plot the basic terms of a poetical/political economy adequate to law’s involvement in the intimate topographies of post-pandemic capitalism. This paper proposes a phenomenology of intimate lived space that can provide the intellectual tools to understand the (...) topographies of bedroom offices, kitchen table desks and car/taxis where capital takes possession of daily life. (shrink)

The ArgumentIn this paper I argue first that Marx's Critique of Political Economy employs “critique” in the Kantian meaning of the term—i.e., determining the domain of legitimate application of the categories involved and maintaining that outside these borders understanding is led into error and entangled in metaphysics.According to Marx, his predecessors in political economy transgressed these boundaries of application, and therefore conceived of all different modes of production as being essentially similar to commodity production, and thus implied that commodity production (...) and the bourgeois form of life corresponding to it are “natural” not historical and transitory. In Marx's conception there are no super-historical economic categories or laws.I argue moreover that Marx's methodology of reconstructing the “development” of socioeconomic entities and categories from their “germ” or “cell” also serves his critical intention. Whereas social theorists of the time referred with organic metaphors to human collectives, Marx referred with such metaphors to economic entities only. The difference is crucial, since the first carries deterministic consequences for the development of society while the latter does not: Social form and historical development in Marx are contingent and not necessary, historical and not natural, transitory and not eternal.I also stress that Marx's procedure of critique is internal. He uses only such assumptions, observations, and arguments as could in principle also be used by the scholars criticized. Nevertheless the outcome of the critique is not merely a new theory but an entirely different one — i.e., a historical conception of the discipline of political economy and of its laws. (shrink)

Where alienation is concerned, the older Marx has something to puzzle everyone. There are far too many uses of terminology related to the concept of alienation for those who assert the existence of a break in Marx's work to feel comfortable. Yet, the older Marx's account of alienation is much too subordinate and sporadic to constitute a really clear demonstration that there is no break. Supporters of a break have largely ignored the passages in the older Marx, where the alienation (...) vocabulary recurs. Supporters of continuity have largely used such passages to 'prove' that alienation is really at the centre of the older Marx's writings, without looking very carefully at the specific context in which the passages occur. In this article, I shall attempt to analyse these passages in context. I shall show that many of the uses of the term 'alienation' in the later Marx relate simply to 'selling'; that the concept of the fetishism of commodities does not require a philosophical notion of an alienated man; and that many of Marx's references to the 'many-sided man' can be read as emotionally charged empirical descriptions of the effects of the capitalist mode of production rather than philosophical analyses. Regressions to the concept of alienation as found in the young Marx are, in fact, relatively rare. (shrink)

In a review of our work, Kincaid suggests that we are 'productivist', reducing interpretation of Marx and capitalism to production at the expense of the relatively independent role that can be played by the value-form in general and by the money-form in particular. In response, we argue that he distorts interpretation of our work through this prism of production versus exchange, unduly emphasises the independence of exchange to the point of underconsumptionism, and simplistically collapses the mediation between production and exchange (...) in the restructuring that accompanies the accumulation of capital. (shrink)

As environmental degradation becomes a growing concern, this article argues that the development of international law on climate change expresses the deep social contradictions between accumulation and reproduction under capitalism. These contradictions are translated into the creation of a form of public property over the right to emit greenhouse gases. This public property is unequally distributed amongst states in an imperialist manner. The distribution of these rights at the domestic level amounts to the distribution of rights to climate rent. Contrary (...) to popular accounts of the ‘commodification’ of nature, I argue that emission rights are not ‘commodities’, and emissions trading and carbon markets are not ‘accumulation strategies’. These are merely depoliticised forms in which climate rent is extracted and circulates to preclude political debates about the goals of production. (shrink)

In this article, I use a Marxist feminist methodology to map the organisation of migrant sex workers’ socially reproductive paid and unpaid labour in one city and country of arrival, London, UK. I argue that unfree and ‘free’ labour exists on a continuum of capitalist relations of production, which are gendered, racialised, and legal. It is within these relations that various actors implement, and migrant sex workers contest, unfree labour practices not limited to the most extreme forms. My analysis reveals (...) that many migrant sex workers have very limited ‘freedom’. This is in stark contrast to the classical liberal claim of sex worker rights activists and academics that the vast majority of migrant sex workers are free, and therefore not coerced, exploited or trafficked. I then consider whether the emerging labour approach to trafficking could help achieve ‘freedom’ for migrant sex workers. Advocates argue that anti-trafficking efforts must, and can, be refocused on extending minimum labour and social protections to all vulnerable workers. I argue that this approach is disconnected from material interests and history. Rather, migrant sex workers, sex worker rights activists, and all migrant and citizen workers and activists globally must collectively organise against ‘labour unfreedom’ and hence for meaningful control over their labour and lives. (shrink)

Where alienation is concerned, the older Marx has something to puzzle everyone. There are far too many uses of terminology related to the concept of alienation for those who assert the existence of a break in Marx's work to feel comfortable. Yet, the older Marx's account of alienation is much too subordinate and sporadic to constitute a really clear demonstration that there is no break. Supporters of a break have largely ignored the passages in the older Marx, where the alienation (...) vocabulary recurs. Supporters of continuity have largely used such passages to 'prove' that alienation is really at the centre of the older Marx's writings, without looking very carefully at the specific context in which the passages occur. In this article, I shall attempt to analyse these passages in context. I shall show that many of the uses of the term 'alienation' in the later Marx relate simply to 'selling'; that the concept of the fetishism of commodities does not require a philosophical notion of an alienated man; and that many of Marx's references to the 'many-sided man' can be read as emotionally charged empirical descriptions of the effects of the capitalist mode of production rather than philosophical analyses. Regressions to the concept of alienation as found in the young Marx are, in fact, relatively rare. (shrink)

The dominant view among academic political philosophers in the English speaking world is that radical political differences, such as those between socialists and non-socialists, are in the last analysis differences of value-judgment, or ‘ideals,’ or ‘principles.’ Few perhaps would now endorse the view of Weldon that the Marxist's espousal of common ownership and the liberal's of private enterprise are ultimate, unarguable principles — as if the entire economic work of Karl Marx or W.S. Jevons could be reduced to sets of (...) changes rung on the themes ‘private enterprise, boo!’ or ‘private enterprise, hurrah!.’ But it is generally assumed that at some point in the argument, value-judgments will be reached, and that it is these that explain the disagreement. (shrink)

The dominant view among academic political philosophers in the English speaking world is that radical political differences, such as those between socialists and non-socialists, are in the last analysis differences of value-judgment, or ‘ideals,’ or ‘principles.’ Few perhaps would now endorse the view of Weldon that the Marxist's espousal of common ownership and the liberal's of private enterprise are ultimate, unarguable principles — as if the entire economic work of Karl Marx or W.S. Jevons could be reduced to sets of (...) changes rung on the themes ‘private enterprise, boo!’ or ‘private enterprise, hurrah!.’ But it is generally assumed that at some point in the argument, value-judgments will be reached, and that it is these that explain the disagreement. (shrink)

This work focuses exclusively on the modern economic aspects of imperialism. We define it as a persistent and long-term net appropriation of surplus value by the high-technology imperialist countries from the low-technology dominated countries. This process is placed within the secular tendential fall in profitability, not only in the imperialist countries but also in the dominated ones. We identify four channels through which surplus value flows to the imperialist countries: currency seigniorage; income flows from capital investments; unequal exchange through trade; (...) and changes in exchange rates. We pay particular attention to the theorisation and quantification of international UE and of exchange-rate movements. Concerning UE, we extend Marx’s transformation procedure to the international setting. We use two variables in the analysis of UE: the organic composition of capital and the rate of exploitation, and we measure which of these two variables is more important in contributing to UE transfers. We research a time span longer than in any previous study. We also introduce the distinction between narrow and broad unequal exchange according to whether two countries are assumed to trade only with each other or also with the rest of the world. As for the analysis of the exchange rates as a channel for appropriation of international surplus value, we reject conventional approaches because they are rooted in equilibrium theory. We find very strong empirical evidence that exchange rates tend towards the point at which the productivities are equalised. This is only a tendency because this equalisation is inherently incompatible with the nature of imperialism. Finally, given its topicality, we apply our analysis to the relation between the US and China and find that China is not an imperialist country according to our definition and data. (shrink)

For Laclauian discourse theory, Marx's critical political economy posits an intolerably speculative thesis: in the capitalist formation, the substance of value is abstract labour, and thereby unfurls an entire world history. Such unequivocal and emphatic positing of a suprasensible sociality – speculating without hedging – is awkward and messy, and Laclauian discourse theory seeks to turn Marxian contradictions back into antinomies. The following discussion revisits the grounds on which Laclauian discourse theory has dismissed Marxian political economy and offers an alternative (...) characterization of the latter, one that opens up the possibility of understanding the two analytical approaches as compatible and even as mutually augmenting in the sense that each approach picks up the threads of analysis that lie at the conceptual horizon of the other. (shrink)