Three essays on Marx's value theory PDF
Preview Three essays on Marx's value theory
Three Essays on Marx’s Value Theory This page intentionally left blank THREE ESSAYS on MARX’S VALUE THEORY bySAMIR AMIN MONTHLY REVIEW PRESS New York Copyright © 2013 by Samir Amin All Rights Reserved Library of Congress Cataloging-in-Publication Data Amin, Samir. Three essays on Marx’s value theory / by Samir Amin. pages cm Includes bibliographical references. ISBN 978-1-58367-424-6 (cloth : alk. paper) 1. Labor theory of value. 2. Surplus value. 3. Value. 4. Marxian economics. I. Title. II. Title: 3 essays on Marx’s value theory. HB206.A45 2013 335.4’12—dc23 2013031467 Monthly Review Press 146 West 29th Street, Suite 6W New York, New York 10001 www.monthlyreview.org 5 4 3 2 1 Contents 7 I. Social Value and the Price-Income System 65 II. The Surplus in Monopoly Capitalism and the Imperialist Rent 79 III. Abstract Labor and the Wage-Scale 91 References and Complementary Readings 95 Notes This page intentionally left blank i. Social Value and the Price-Income System This page intentionally left blank (cid:90) . I first read Marx when I was I BEGIN WITH A PERSONAL NOTE twenty years of age and then reread him every twenty years at moments that corresponded to major changes in the course of history. I read him in 1950, when hidden behind the East- West conflict and the first Southern awakening was taking shape, revealed in the 1955 Bandung Conference. In 1970, as director of the African Institute for Economic Develop- ment and Planning (IDEP) in Dakar, I formed the project of making Marx a focus for training and discussion that would contribute to radicalization of the way forward opened by the African and Asian peoples’ reconquests of their inde- pendences. In 1990 the problem Marx could give guidance to was to know what could be salvaged from the shipwreck of the twentieth century’s historic socialism. In 2010, with the implosion of the capitalist system that had declared itself the “end of history,” Marx’s work opened possibilities for new ways forward whose outcomes are yet to be discovered. My readings at each of those moments were directed by my concern to respond to the current challenge. And every time I discovered that Marx was coming to our aid with incompa- rable power, though obviously on the condition of extending the radical social critique he had begun, rather than to be content with exegesis of his texts.
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