Research Article

Value in Marx: A Reading of the Grundrisse

Number: 61 December 31, 2024
EN TR

Value in Marx: A Reading of the Grundrisse

Abstract

Marx’s concept of value has been subject to significant criticism. Robinson argues that the concept is awkward and obscure, as it is meant to explain the prices of commodities and thus must be a kind of price, but it is not. Consequently, Robinson holds that the concept of value makes no sense. Furthermore, according to Harvey, Marx in the Grundrisse confuses value with price. It seems to me that both Robinson’s criticism and Harvey’s exegesis are based on serious misunderstandings. In this article, I first unpack Marx’s criticism of Darimon’s proposal concerning time chits. The upshot is that, for Marx, production relations enjoy a priority, and a monetary reform like Darimon’s cannot fulfill the function of revolutionary change. So, time chits become a triviality. Second, I suggest a reconstruction of what I call Marx’s “nonconvergency thesis.” The thesis states that there is a supervenience between value and price. Marx says that Darimon is ignorant about this thesis, and his proposal relies on the delusion that the two are convergent. Therefore, I maintain that Harvey’s claim is misleading, as he overlooks the nonconvergency thesis articulated in the Grundrisse. And Robinson’s condemnation of the concept of value should be dismissed because her understanding is very much the same as Darimon’s, in that she ignores the two-layered ontological structure between value and price.

Keywords

References

  1. Choat, Simon. Marx’s ‘Grundrisse’: A Reader’s Guide. Fakenham: Bloomsbury, 2016. google scholar
  2. Cohen, Gerald Allan. Karl Marx’s Theory of History: A Defence, Expanded Edition. Princeton: Princeton University Press, 2000. google scholar
  3. Eagleton, Terry. “Base and Superstructure Revisited,” New Literary History 31 no. 2 (2000): 231-240, google scholar
  4. Ervin, Jarek Paul. “Rethinking base and superstructure, yet again.” Critique Journal of Socialist Theory 48 no. 4 (2021): 369-385. google scholar
  5. Harvey, David. A Companion to Marx’s Grundrisse. New York: Verso Books, 2023. google scholar
  6. Hunt, Emery Kay. “Joan Robinson and the labour theory of value.” Cambridge Journal of Economics 7 no. 3-4 (1983): 331-342. google scholar
  7. Kim, Jaegwon. “Concepts of Supervenience.” Philosophy and Phenomenological Research 45 no. 2 (1984): 153-176. google scholar
  8. Laclau, Ernesto. & Mouffe. Chantal. Hegemony & Socialist Strategy: Towards a Radical Democratic Politics. London: Verso Books, 1992. google scholar

Details

Primary Language

English

Subjects

History of Philosophy (Other)

Journal Section

Research Article

Publication Date

December 31, 2024

Submission Date

April 16, 2024

Acceptance Date

December 24, 2024

Published in Issue

Year 2024 Number: 61

APA
Tuncel, K. (2024). Value in Marx: A Reading of the Grundrisse. Felsefe Arkivi, 61, 64-72. https://doi.org/10.26650/arcp.1469484
AMA
1.Tuncel K. Value in Marx: A Reading of the Grundrisse. Felsefe Arkivi. 2024;(61):64-72. doi:10.26650/arcp.1469484
Chicago
Tuncel, Kutlu. 2024. “Value in Marx: A Reading of the Grundrisse”. Felsefe Arkivi, nos. 61: 64-72. https://doi.org/10.26650/arcp.1469484.
EndNote
Tuncel K (December 1, 2024) Value in Marx: A Reading of the Grundrisse. Felsefe Arkivi 61 64–72.
IEEE
[1]K. Tuncel, “Value in Marx: A Reading of the Grundrisse”, Felsefe Arkivi, no. 61, pp. 64–72, Dec. 2024, doi: 10.26650/arcp.1469484.
ISNAD
Tuncel, Kutlu. “Value in Marx: A Reading of the Grundrisse”. Felsefe Arkivi. 61 (December 1, 2024): 64-72. https://doi.org/10.26650/arcp.1469484.
JAMA
1.Tuncel K. Value in Marx: A Reading of the Grundrisse. Felsefe Arkivi. 2024;:64–72.
MLA
Tuncel, Kutlu. “Value in Marx: A Reading of the Grundrisse”. Felsefe Arkivi, no. 61, Dec. 2024, pp. 64-72, doi:10.26650/arcp.1469484.
Vancouver
1.Kutlu Tuncel. Value in Marx: A Reading of the Grundrisse. Felsefe Arkivi. 2024 Dec. 1;(61):64-72. doi:10.26650/arcp.1469484