THE EVOLUTION OF THE CONCEPT OF VALUE AND ITS HISTORICAL GROUND: FROM MARX&apos;S DIALOGUE WITH ARISTOTLE

Itoh, Makoto

doi:10.2307/41917733

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World Review of Political Economy

Volume 2, Issue 2

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THE EVOLUTION OF THE CONCEPT OF VALUE AND ITS HISTORICAL GROUND: FROM MARX'S DIALOGUE WITH ARISTOTLE

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Author(s): Makoto Itoh

Publication date (Print): 1 July 2011

Journal: World Review of Political Economy

Publisher: Pluto Journals

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Abstract

Marx's dialogue with Aristotle on the concept of value in the third section on the value-form in the first chapter of Capital presents us with both attractive and puzzling theoretical points. This article begins with a reexamination of the significance of the dialogue, so as to clarify Marx's originality in dualizing the concept of value into the forms and the substance of value. Then, Kozo Uno's theoretical intervention on Marx's dialogue with Aristotle is introduced. The dialogue is thus converted into a three-cornered talk among three giant theoreticians. Brilliant debates among Aristotle, Marx and Uno would lead us to reconsider the evolution of the concept of value and its historical ground. This issue is surely related with the problem of how to understand the historically specific nature of market economy and capitalist economy. It would also inspire anew a methodological relationship between historical materialism and the basic theories of Marxian political economy.

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Journal ID (jstor): worlrevipoliecon

Journal ID (doi): 10.2307/j50005553

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN (Print): 2042891X

Publication date (Print): 1 July 2011

Volume: 2

Issue: 2

Pages: 193-204

Article

DOI: 10.2307/41917733

SO-VID: 43d4dcf7-45cd-4c85-af73-2f50c519bf61

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ScienceOpen disciplines: Political economics

References

Aristotle, Nicomachean Ethics, transl, by S. Takada into Japanese, 2 vols. Tokyo: Iwanami-shoten, 1971, 1973.
Daikoku, K. (2005) ["Marx and Aritotle—Equality and Similarity in Exchange"], Kyoto University, Shakai System Kenkyu {Studies in Social System), no. 8, February.
Itoh, M. (1988) The Basic Theory of Capitalism. Houndmills: Macmillan.
Marx, K. (1970) [1859] A Contribution to the Critique of Political Economy. Moscow: Progress Publishers.
--- (1976) [1867] Capital, vol. I. London: Penguin/NLR.
Meikle, S. (1995) Aristotle s Economic Thought. Oxford: Clarendon Press.
Mochizuki, T. (1981) ["On 'Equality of Essence' in the Theory of Forms of Value"], Seijo University, Keizai Kenkyu {Studies in Economics), no. 75, October.
Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge: Cambridge University Press.
Uno, K. (1950, 1952) [Principles of Political Economy], 2 vols. Tokyo: Iwanami-shoten.
--- (1962) [Methodology of Political Economy]. Tokyo: The University of Tokyo Press.
--- (1964) [Principles of Political Economy]. Tokyo: Iwanami-shoten. Transl, by T. Sekine into English, Brighton: Harvester, 1980.

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[1] Aristotle, Nicomachean Ethics, transl, by S. Takada into Japanese, 2 vols. Tokyo: Iwanami-shoten, 1971, 1973.

[2] Daikoku, K. (2005) ["Marx and Aritotle—Equality and Similarity in Exchange"], Kyoto University, Shakai System Kenkyu {Studies in Social System), no. 8, February.

[3] Itoh, M. (1988) The Basic Theory of Capitalism. Houndmills: Macmillan.

[4] Marx, K. (1970) [1859] A Contribution to the Critique of Political Economy. Moscow: Progress Publishers.

[5] --- (1976) [1867] Capital, vol. I. London: Penguin/NLR.

[6] Meikle, S. (1995) Aristotle s Economic Thought. Oxford: Clarendon Press.

[7] Mochizuki, T. (1981) ["On 'Equality of Essence' in the Theory of Forms of Value"], Seijo University, Keizai Kenkyu {Studies in Economics), no. 75, October.

[8] Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge: Cambridge University Press.

[9] Uno, K. (1950, 1952) [Principles of Political Economy], 2 vols. Tokyo: Iwanami-shoten.

[10] --- (1962) [Methodology of Political Economy]. Tokyo: The University of Tokyo Press.

[11] --- (1964) [Principles of Political Economy]. Tokyo: Iwanami-shoten. Transl, by T. Sekine into English, Brighton: Harvester, 1980.