A Japanese Reconstruction of Marxist Theory by Robert Albritton

By Robert Albritton

A detailing of the consequences of Kozo Uno's political and monetary idea. attempts to provide an explanation for the humanistic capability of Marxist thought.

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Being clear on this point is also important in developing the mediations between pure theory and historical analysis which involves reactivating the subjective factor. Marxian economics differs from classical subjective theories of value which see the economy purely as a resultant of individual decisions. But it also differs from NeoRicardian accounts which tend to leave out the subject altogether. Reification leads to the domination of the commodity over the economic life of society, but the 'passification' of the subject that results is tenuous and must be shown step by step at the level of pure theory.

In capitalism it is the commodity-economic principle that allocates total social labour so that only that amount that is socially necessary is applied to the production of each type of commodity. It is through the exchange of commodities that social labour is allocated in socially necessary amounts and it is the law of value that regulates the exchange of products so that in a state of equilibrium no labour is wasted. If too much labour relative to social demand is devoted to a particular branch of industry, then that does not count as part of the total value forming and augmenting labour.

Sekine has demonstrated the very close parallel between Hegel's Logic and the dialectic of capital. Just as the basic contradiction in the Logic is between 'Being' and 'Nothing', so the basic contradiction of the dialectic of capital is between value and use-value. The Logic is divided into the Doctrines of Being, Essence and Notion and parallel to this the dialectic of capital is divided into the Doctrines of Circulation, Production and Distribution. Furthermore, the logical structure of each of these doctrines parallels the logical structure of the corresponding doctrine in Hegel's Logic.

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