Karl Marx: The Critique Of The Theory Of Economics
How is value established? Marx is saying that value, which is being determined by a process we do not understand and it’s not our choice; it is something happening to us. How it is happening must be unpacked in order to understand ourselves and with what consequences, socially, environmentally and etc. Marx wants to understand what is socially necessary in a capitalist mode of production.
Marx’s conception of a pure capitalist mode of production, which in many ways is guided by the vision of classical political economy. In other words, classical political economy assumes that we will be perfectly functioning markets and the state power will be out of the way and there will be no monopoly. So, Marx tends to say, let’s assume the classical political economists are correct. We will see examples where those assumptions are challenged by