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Marx’s Theory of Value in Chapter 1 of Capital - A Critique of Heinrich’s Value-Form Interpretation (Hardcover, 1st ed. 2023)
Loot Price: R1,228
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Marx’s Theory of Value in Chapter 1 of Capital - A Critique of Heinrich’s Value-Form Interpretation (Hardcover, 1st ed. 2023)
Series: Marx, Engels, and Marxisms
Expected to ship within 12 - 17 working days
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Chapter 1 is the most important chapter in Capital, as well as the
most difficult and the most controversial. An influential
interpretation of Chapter 1 in recent decades has been the
so-called “value-form interpretation” of Marx’s theory in
general and Chapter 1 in particular. The most important
proponent of the value-form interpretation today, both in Germany
and in the English-speaking world, is Michael Heinrich, and
Heinrich’s work has emphasized the first chapter. Heinrich’s
latest book in English is a detailed commentary of the first seven
chapters of Volume 1 of Capital. The publication of an English
translation of Heinrich’s book is an important event in Marxian
scholarship and it is important to critically engage with this
important book in order to advance our understanding of this
critical foundational chapter. This book emphasizes the
quantitative issue of whether the magnitude of value and socially
necessary labour-time are determined in production or also depend
on exchange and demand, which has been the main issue in the
controversy over the value-form interpretation.
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