2021•The Indian Economic JournalRequires access

Marx After Sraffa: Redux

Ajit Kumar Sinha

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Abstract

As the question of appropriation of the surplus value is independent of the question of economic valuation of it, Sraffa succeeds in removing the conflation between the problem of production of the surplus product and its appropriation, which, it is argued, sits at the core of the discrepancy between Marx’s physics of production and his metaphysics of human labour. JEL Codes: B1, B2, B3, B4, B5

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As the question of appropriation of the surplus value is independent of the question of economic valuation of it, Sraffa succeeds in removing the conflation between the problem of production of the surplus product and its appropriation, which, it is argued, sits at the core of the discrepancy between Marx’s physics of production and his metaphysics of human labour. JEL Codes: B1, B2, B3, B4, B5

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Available abstract

As the question of appropriation of the surplus value is independent of the question of economic valuation of it, Sraffa succeeds in removing the conflation between the problem of production of the surplus product and its appropriation, which, it is argued, sits at the core of the discrepancy between Marx’s physics of production and his metaphysics of human labour. JEL Codes: B1, B2, B3, B4, B5

Key concepts: Appropriation, Surplus value, Economics, Neoclassical economics, Conflation, Metaphysics, Valuation (finance), Microeconomics

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