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Money vs. Value? Reconsidering the ‘Monetary Approach’ of the ‘post’-Uno School, Benetti/Cartelier, and the Neue Marx-Lektüre


Lange, Elena L (2019). Money vs. Value? Reconsidering the ‘Monetary Approach’ of the ‘post’-Uno School, Benetti/Cartelier, and the Neue Marx-Lektüre. Historical Materialism - Research in Critical Marxist Theory, (27):1-35.

Abstract

Even after the demise of the influential Uno School in the 1980s, Japanese economists have been continuously engaged in the categorial reconstruction of Marx’s Critique of Political Economy, especially the theory of value and money. Writing in the 1980s–2000s, authors of the ‘post-Uno School’, such as Ebitsuka Akira, Mukai Kimitoshi, Kataoka Kōji etc., broadened the value-theoretical views of Uno School orthodoxy to include, among others, the Neue Marx-Lektüre (predominantly H.-G. Backhaus and M. Heinrich) and the French economists C. Benetti and J. Cartelier.This paper will confront the ‘post-Uno School’s’ reading of Marx’s theory of value, which poses the theories of value and money as unreconcilable, leading them to dis-card the theory of value in favour of a ‘monetary approach’. We show that the dismissal of value theory leads to an introduction of Baileyan and neoclassical elements into Marx’s theory, which we believe to be both theoretically and practically precarious.

Abstract

Even after the demise of the influential Uno School in the 1980s, Japanese economists have been continuously engaged in the categorial reconstruction of Marx’s Critique of Political Economy, especially the theory of value and money. Writing in the 1980s–2000s, authors of the ‘post-Uno School’, such as Ebitsuka Akira, Mukai Kimitoshi, Kataoka Kōji etc., broadened the value-theoretical views of Uno School orthodoxy to include, among others, the Neue Marx-Lektüre (predominantly H.-G. Backhaus and M. Heinrich) and the French economists C. Benetti and J. Cartelier.This paper will confront the ‘post-Uno School’s’ reading of Marx’s theory of value, which poses the theories of value and money as unreconcilable, leading them to dis-card the theory of value in favour of a ‘monetary approach’. We show that the dismissal of value theory leads to an introduction of Baileyan and neoclassical elements into Marx’s theory, which we believe to be both theoretically and practically precarious.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Asian and Oriental Studies
Dewey Decimal Classification:100 Philosophy
Language:English
Date:2019
Deposited On:12 Feb 2020 13:26
Last Modified:07 Apr 2020 07:26
Publisher:Brill
ISSN:1465-4466
OA Status:Closed

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