Labour and Value: Rethinking Marx’s Theory of ExploitationMore info and resources at: https://doi.org/10.11647/obp.0182
Acknowledgments
1
Introduction
3
1.
Abstract Labour as a Natural Substance
15
1.1
The Double Abstraction
17
1.2
Labour as a Natural Abstraction
20
1.3
Value Form and Substance
23
1.4
Abstract Labour as a Productive Force
26
2.
Abstract Labour as a Historical Reality
31
2.1
The Labour Exchange: From Hegel to Marx
32
2.2
The Subsumption and Subordination of Labour
34
2.3
Abstract Labour as Resulting from a Social Relation
40
3.
Labour Subsumption and Exploitation
45
3.1
The Production of Absolute Surplus Value
48
3.2
The Production of Relative Surplus Value
53
3.3
Wage Dynamics
57
4.
Values and Prices
63
4.1
Labour Values
65
4.2
Production Prices
67
4.3
The Transformation Problem
70
5.
Measures of Exploitation
75
5.1
Two Paradoxes
76
5.2
A Single System Approach
80
5.3
Back to the Real World
85
Conclusions: Rethinking Exploitation
89
Appendix 1. Reproduction Conditions
101
Appendix 2. Advanced or Postponed Wage Payments?
105
References
111
