IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpmh/0505004.html
   My bibliography  Save this paper

The Value of the Substance

Author

Listed:
  • Francesco Schettino

    (Department of Public Economics, University of Rome I, 'La Sapienza')

Abstract

The aim of the paper is to find the reason of the commodoties exchange. That is why our analysis inquires on the substance of the commodities value as Marx did on ``The Capital'' first pages using the dialectic method. Our different approach is analytic although we apply the fundamentals of the hegelian method. We use the concept of the labour centrality in the social production as an axiom, and we consider it as the natural starting point of the investigation. The historical materialism gives us the way to observe the conceptual dominion of the (exchange) value on the use value and then we are able to analyze its substance, our primary aim. Using the hegelian categories of quality and quantity we obtain that the only common quality of any commodity is the labour that, conseqently, is the substance of the value. This element, in fact, is basical to measure and, then, to compare any commodity. We conclude deriving that any study on the so called trasformation problem of Marx is unconsistent without a necessary deep analysis of the substance of the value.

Suggested Citation

  • Francesco Schettino, 2005. "The Value of the Substance," Method and Hist of Econ Thought 0505004, EconWPA.
  • Handle: RePEc:wpa:wuwpmh:0505004
    Note: Type of Document - pdf; pages: 12
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mhet/papers/0505/0505004.pdf
    Download Restriction: no

    More about this item

    Keywords

    Value theory; Marx; Hegelian approach;

    JEL classification:

    • B - Schools of Economic Thought and Methodology

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpmh:0505004. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA). General contact details of provider: http://econwpa.repec.org .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.