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Concrete and Abstract Labour in Marx's Theory of Value


  • Alfredo Saad-Filho


This paper presents an alternative reading of Marx's theory of value, which overcomes the dichotomy between production and circulation that characterizes several other approaches. This reading recognises that the subject of Capital is the capitalist economy, and it considers the relationship between labour and value from the viewpoint of the normalisation, synchronisation and homogenisation of labour. The formal possibility of existence of valueless money is discussed.

Suggested Citation

  • Alfredo Saad-Filho, 1997. "Concrete and Abstract Labour in Marx's Theory of Value," Review of Political Economy, Taylor & Francis Journals, vol. 9(4), pages 457-477.
  • Handle: RePEc:taf:revpoe:v:9:y:1997:i:4:p:457-477 DOI: 10.1080/09538259700000042

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    References listed on IDEAS

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    Cited by:

    1. Andrea Ricci, 2016. "Unequal Exchange in International Trade:A General Model," Working Papers 1605, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.

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