scholarly journals Articulating value and missing links in ‘Geographies of Dissociation’

2019 ◽  
Vol 9 (1) ◽  
pp. 73-77 ◽  
Author(s):  
Elizabeth Havice ◽  
John Pickles
Keyword(s):  
Value Creation ◽  
Value Chain ◽  
Value Theory ◽  
Global Value Chain ◽  
Cultural Economic ◽  
Labor Theory Of Value ◽  
Labor Theory ◽  
Direct Question ◽  
Cultural Economies ◽  
Theory Of Value

In the spirit of Ibert et al.’s ‘Geographies of Dissociation: Value Creation, “Dark” Places, and “Missing” Links’, we briefly suggest several ways in which ‘Geographies of Dissociation’ itself elides certain crucial issues in the cultural economies of value. The first relates to the need to develop more fully and concretely the relational spatialities of globally networked production. The second follows from this by suggesting that, in order to consolidate its argument of lacunae and elisions, the article overlooks or downplays crucial elements in the work of global value chain research, cultural studies and broader cultural-economic geography, and value theory that have—in their own ways—developed complex analyses of the spatial articulations of governance, ownership, branding, and the production of value. We conclude by returning to Marx’s value theory of labor (not to be confused with Ricardian labor theory of value) to suggest that a more direct question about what drives systems of cultural valuation in the context of networked production might enable the authors to advance the development of a dissociative geography.

scholarly journals Corporate Tax Reform and “Value Creation”: Towards Unfettered Diagonal Re-allocation across the Global Inequality Chain

2016 ◽  
Vol 7 (1) ◽  
Author(s):  
David Quentin
Keyword(s):  
Value Creation ◽  
Value Chain ◽  
Tax Reform ◽  
Value Theory ◽  
Illustrative Case ◽  
Global Value Chain ◽  
Corporate Tax ◽  
Global Inequality ◽  
Corporate Tax Reform ◽  
Theory Of Value

Abstract Discussion of corporate tax reform loosely uses concepts like “value creation” and “economic substance” as a basis for systematic departures from the tax outcomes that would otherwise eventuate from computational artifacts based on price, but in fact mainstream economics does not have a theory of value creation as distinct from computational artifacts based on price. Corporate tax reform discourse is therefore an unacknowledged exercise in heterodox value theory. This article deploys global value chain theory to question a key assumption in that exercise; the assumption that while intra-group pricing may be modified or ignored for the purposes of reallocating the corporate tax base between jurisdictions for corporate tax purposes, prices arrived at between entities not under common control are sacrosanct. The article proceeds to deploy an expanded version of the global value chain analytic, the “global inequality chain”, to (i) investigate this question using a schematic illustrative case study based around Amazon’s UK/Luxembourg structuring, and (ii) to develop the beginnings of a concept of “unitary taxation by formulary apportionment of the entire value chain”, which would enable unfettered “diagonal” re-allocations across the space which the global inequality chain describes.

La vita messa a lavoro: verso una teoria del valore-vita. Il caso del valore affetto

2009 ◽  
pp. 94-116
Author(s):  
Andrea Fumagalli ◽  
Cristina Morini
Keyword(s):  
Value Creation ◽  
Specific Form ◽  
Capitalist System ◽  
Affective Labor ◽  
Labor Theory Of Value ◽  
Labor Theory ◽  
Theory Of Value ◽  
The One

- Starting from the recognition that only a "labor theory of value" is able to provide a measure of the value of the surplus, this essay poses the question of how the labor theory of value must dynamically adjust to the capitalist system and the succession of different modes of accumulation. Within the transition from industrial-Fordist to "bio-capitalism," the authors hypothesize the raise of a specific form of value creation: the one linked to the concept of affective labor.

scholarly journals The Formation of Marxist Theory of Surplus Value

2020 ◽  
Vol 1 (2) ◽  
Author(s):  
Yan Shi
Keyword(s):  
Adam Smith ◽  
Historical Materialism ◽  
Value Theory ◽  
Marxist Theory ◽  
Surplus Value ◽  
Labor Theory Of Value ◽  
Labor Theory ◽  
The Subject ◽  
Theory Of Value ◽  
David Ricardo

Marxist theory of surplus value is founded on the basis of Marx's labor theory of value. The theory of surplus value is based on mercantilism and the theory of surplus value of David Ricardo. Adam Smith and Owen also played a certain role in the formation of Marxist surplus value theory. Marx's analysis of the subject of labor and the process of labor is the basis of historical materialism of surplus value theory. This paper analyzes the significance of the formation of Marxist surplus value.

The Multiple Meanings of Marx’s Value Theory

2018 ◽  
Vol 69 (11) ◽  
pp. 31 ◽  
Author(s):  
Riccardo Bellofiore
Keyword(s):  
Political Economy ◽  
Value Theory ◽  
Monetary Theory ◽  
Capitalist Production ◽  
Labor Theory Of Value ◽  
Monthly Review ◽  
Monetary Value ◽  
Labor Theory ◽  
Multiple Meanings ◽  
Theory Of Value

The Marxian critique of political economy is inseparable from the "labor theory of value." But what exactly does this theory mean? This article considers Marx's value theory from five perspectives: as a monetary value theory, a theory of exploitation, a macro-monetary theory of capitalist production, a theory of individual prices, and a theory of crises.Click here to purchase a PDF version of this article at the Monthly Review website.

The System is the Solution: Marx's Analysis of Capitalism

1986 ◽  
Vol 48 ◽  
pp. 13-13
Author(s):  
George Galster
Keyword(s):  
Production Process ◽  
Division Of Labor ◽  
Economic Base ◽  
Radical Theory ◽  
Labor Theory Of Value ◽  
Labor Theory ◽  
The Social ◽  
Theory Of Value ◽  
Relationship Of ◽  
Pedagogic Device

The following note describes a skit designed primarily as a pedagogic device to illustrate in a meaningful (and, hopefully, provocative and humorous) way Marx's analysis of capitalism. Numerous concepts and phenomena are “brought to life” in the skit: exploitation, immiseration and alienation of workers, maintenance wage, labor theory of value, mechanization and the division of labor, systemic tendencies toward economic crises, relationship of various superstructural components (welfare, religion, etc.) to the economic base, and the radical theory of the state. More specifically, the economic base of a hypothetical capitalist society consists of a stylized production process involving “resources” (Oreo cookies), “labor” (students selected from the class) and eventually “capital” (table knives). The ability of the monopoly capitalist to accumulate surplus by exploiting workers becomes manifest. Other elements of the social superstructure (unions, government, religion, etc.)

Sign in / Sign up

Export Citation Format

Share Document