ENGLISH

Money and Abstract Labour: On the Analytical Foundations of Political Economy

By Ulrich Krause

Book information

Publisher
Verso
Year
1982
ISBN
0860917495
Language
english
Format
PDF
Filesize
6 MB (6651843 bytes)
Pages
94\94
Topic
Economy
Orientation
no
Scanned
yes
Time added
2015-02-20 05:00:15

Description

Recent trends in Marxist economic theory have sponsored the methods of modern logic and mathematics. In doing so, they have displaced not only the relatively philosophical style of reflection found in Capital but also certain key problems addressed there by Marx.Ulrich Krause breaks new ground by applying mathematical techniques in an analysis of labor, money and exchange. Rejecting the notion of “homogeneous labor” as a basis of value theory, Krause develops his own understanding of the Marxist concept of “abstract labor,” which he then integrates with an analysis of money in the process of commodity exchange. His book concludes with a new discussion of Marx’s theory of value and surplus-value.Money & Abstract Labour is a major intervention in one of the most vigorously contested areas of contemporary economic theory.

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