The Social Character of Value

  • Rosa Luxemburg
Keywords: Marxism, Political Economy, Economic Theory

Abstract

In this excerpt from The Accumulation of Capital, Rosa Luxemburg explains how classical political economy lacks a clear conception of the commodity—both in the terms of the distinctions between use value and exchange value, as well as between concrete and abstract labor. This metaphysical, essentialist framework leads to a complete failure to understand the social character of labor's capacity to create value.

Published
2018-11-01
Section
Documents