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Book Cover
E-book
Author McNeill, Desmond, author.

Title Fetishism and the theory of value : reassessing Marx in the 21st century / Desmond McNeill
Published Cham : Palgrave Macmillan, [2021]

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Description 1 online resource (324 pages)
Series Palgrave studies in the history of economic thought
Palgrave studies in the history of economic thought series.
Contents Chapter 1: Introduction -- Section 1: The Concept of Fetishism -- Chapter 2: The Origins of the Term in Marx's Writings -- Chapter 3: The Development of the Concept over Time -- Chapter 4: Fetishism: a Preliminary Exegesis -- Section 2: The Ontology of Fetishism -- Chapter 5: Fetishism of Money, Capital, Interest-bearing Capital and Commodities -- Chapter 6: The Form of Value: the Scylla of Bailey and the Charybdis of Hegel -- Chapter 7: Appearance and Reality: Some Ontological Issues -- Section 3: On Value and Meaning -- Chapter 8: What is Value? Marx's Use of Analogy -- Chapter 9: The Limitations of Structural Marxism -- Chapter 10: The Commodity as Sign -- Section 4: The Social Relations of Production, Exchange and Consumption -- Chapter 11: Marx's Emphasis on Production -- Chapter 12: Exchange and Reciprocity -- Chapter 13: Consumption, Need and Use-Value -- Section 5: Marx in the 21st Century -- Chapter 14: Marx and the Environment -- Chapter 15: Marx and Financialisation -- Chapter 16: Conclusion
Summary This book demonstrates the continuing relevance of Marxs critique of the capitalist system, in which value is equated simply with market price. Marxs concept of fetishism is explored in detail, including the distinction between commodity fetishism and other forms: of money, capital and interest-bearing capital. Marxs theory of exchange-value is analysed in relation to those of Ricardo and Samuel Bailey. The case is made for understanding value by analogy with language, followed by a critical assessment of Structural Marxism. Marxs focus on the social relations of production is broadened to also include exchange and consumption. A lengthy final section critically assesses recent Marx-inspired literature relating to the two major crises of our time, finance and the environment. Desmond McNeill (PhD, economics, University of London) is attached to the Centre for Development and the Environment, at the University of Oslo, Norway, where he has earlier been Research Professor and Director
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Marx, Karl, 1818-1883.
SUBJECT Marx, Karl, 1818-1883 fast
Subject Labor theory of value.
Commodity fetishism.
Commodity fetishism
Labor theory of value
Form Electronic book
ISBN 9783030561239
3030561232