Essays on Marx's Theory of Value

Essays on Marx's Theory of Value

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Author/Editor: Rubin, Isaak Ilyich
Publisher: Pattern Books
Date: 2020
Binding: Paperback
Condition: NEW

Isaak Ilyich Rubin (1886-1937) was a Soviet economist who participated in the Russian Revolution and was a researcher at the Marx-Engels Institute. Though his ideas were suppressed by the Soviet Union and he was eventually killed after being accused of Trotskyism, his ideas have since been rehabilitated within modern Marxism.

Essays on Marx's Theory of Value (1924) emphasizes the importance of Marx's theory of commodity fetishism within the labor theory of value. It also argues that Marx's mature economic work represented the culmination of his lifetime project to understand how human creative power is shaped by social structures. He also discusses commodity production as a mere theoretical abstraction that only explains one aspect of a developed capitalist economy. The concept of value, as understood by Rubin, cannot exist without the other elements of a full-blown capitalist economy: money, capital, the existence of a proletariat, and so on.