New Marx Reading

Michael Heinrich: Value, fetishism and impersonal domination

Thursday, 13 March 2014, 16h @ MaMa

Center for Workers’ Studies (CRS) invites you for a lecture of Michael Heinrich on March 13, 2014, at MaMa. The lecture deals with Marx’s theory of value, and is also meant as an announcement of the forthcoming Croatian publication of Heinrich’s invaluable monograph An Introduction to the Three Volumes of Karl Marx’s Capital.

Marx’s value theory is no pure economic theory – it is a social theory. It aims at the difference between pre-bourgeois and bourgeois socialization, which Marx captures with the concept of fetishism. The social relations of producers appear as the social characteristics of objects. Thus the character of the prevailing relations of domination too changes: personal relations of domination and bondage are replaced by objective relations of domination. This domination of objective relations is by no means mere ideology, but neither is it without alternative.

Michael Heinrich is Professor of Economics at Hochschule für Technik und Ökonomie, Berlin, Germany. He is managing editor of PROKLA: Zeitschrift für kritische Sozialwissenschaft [PROKLA: Journal of Critical Social Sciences], and author of An Introduction to the Three Volumes of Karl Marx’s Capital (Monthly Review Press, 2012), Die Wissenschaft vom Wert [The Science of Value] (1999).

Center for Workers’ Studies activities are supported by Rosa Luxemburg Stiftung Southeast Europe.