The Multiple Meanings of Marx's Value Theory

  • Riccardo Bellofiore
Keywords: Marxism, Political Economy

Abstract

The Marxian critique of political economy is inseparable from the "labor theory of value." But what exactly does this theory mean? This article considers Marx's value theory from five perspectives: as a monetary value theory, a theory of exploitation, a macro-monetary theory of capitalist production, a theory of individual prices, and a theory of crises.
Published
2018-04-03
Section
Articles