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The foundation of Marx’s concept of value in the Manuscripts of 1844

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  • Laurent Baronian

    (University of Paris I – Panthéon­Sorbonne)

Abstract

The aim of this paper is to show how Marx’s Economic and Philosophic Manuscripts of 1844, which stand as his first systematic study of classical economists, transform the concept of labour as it had been developed by political economy against mercantilism and physiocracy. The current interpretations of the Marxian theory of value are first reviewed. The analysis of the Manuscripts then shows that the contribution of Hegelian philosophy lies in the definition of social labour in total opposition to the orthodox conception. This issue leads to a re­examination of the significance of these Manuscripts for the Marxian concept of value and its source, general and abstract labour.

Suggested Citation

  • Laurent Baronian, 2009. "The foundation of Marx’s concept of value in the Manuscripts of 1844," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 3(1), pages 25-43, November.
  • Handle: RePEc:bus:jphile:v:3:y:2009:i:1:p:25-43
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    More about this item

    Keywords

    Marx; theory of labour-value; critique of political economy; alienation;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian

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