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An Analysis of Marx’s Qualitative Determination of Value

Liu Chang-yong

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Abstract

Marx’s determination of value have two basic premises that political economics researches only the form of wealth and there is certainly the common things in exchange. Marx’s concept of value has the natural attribute and attribute. They imply the intrinsic contradiction of the value determination, that the value determination exclude use-value as well as lie strictly on use-value. Marx covered the contradiction with switching the concept of social aggregate labor to the concept of social labor and constructing the theory of twofold character of the labor. In such way, the decisive function of use-value in the value determination was written off and the value concept was far from its practice foundation.

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Marx’s determination of value have two basic premises that political economics researches only the form of wealth and there is certainly the common things in exchange. Marx’s concept of value has the natural attribute and attribute. They imply the intrinsic contradiction of the value determination, that the value determination exclude use-value as well as lie strictly on use-value. Marx covered the contradiction with switching the concept of social aggregate labor to the concept of social labor and constructing the theory of twofold character of the labor. In such way, the decisive function of use-value in the value determination was written off and the value concept was far from its practice foundation.

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Available abstract

Marx’s determination of value have two basic premises that political economics researches only the form of wealth and there is certainly the common things in exchange. Marx’s concept of value has the natural attribute and attribute. They imply the intrinsic contradiction of the value determination, that the value determination exclude use-value as well as lie strictly on use-value. Marx covered the contradiction with switching the concept of social aggregate labor to the concept of social labor and constructing the theory of twofold character of the labor. In such way, the decisive function of use-value in the value determination was written off and the value concept was far from its practice foundation.

Key concepts: Contradiction, Value (mathematics), Economics, Positive economics, Foundation (evidence), Use value, Value theory, Neoclassical economics

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