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The Money-Energy-Technology Complex and Ecological Marxism : Rethinking the Concept of "Use-Value" to Extend Our Understanding of Unequal Exchange, Part II

Hornborg, Alf LU (2018) In Capitalism, Nature, Socialism
Abstract
This is Part 2 of an article arguing for an extended application of Karl Marx’s insight that the apparent reciprocity of free market exchange is to be understood as an ideology that obscures material processes of exploitation and accumulation. Rather than confine this insight to the worker’s sale of his or her labor-power for wages, and ground it in the conviction that labor-power is uniquely capable of generating more value than its price, the article argues that capital accumulation also relies on asymmetric transfers of several other biophysical resources, such as embodied non-human energy, land, and materials. Such a shift of perspective extends Marx’s foundational critique of mainstream economics by focusing on the unacknowledged role... (More)
This is Part 2 of an article arguing for an extended application of Karl Marx’s insight that the apparent reciprocity of free market exchange is to be understood as an ideology that obscures material processes of exploitation and accumulation. Rather than confine this insight to the worker’s sale of his or her labor-power for wages, and ground it in the conviction that labor-power is uniquely capable of generating more value than its price, the article argues that capital accumulation also relies on asymmetric transfers of several other biophysical resources, such as embodied non-human energy, land, and materials. Such a shift of perspective extends Marx’s foundational critique of mainstream economics by focusing on the unacknowledged role of ecologically unequal exchange, but it requires a critical rethinking of the concept of “use-value.” Part 2 of the article briefly reviews the history of debate in ecological Marxism, discusses the peculiar semiotics of money, outlines the implications of ecologically unequal exchange for a reconceptualization of modern technology, and concludes with the conviction that the proposed theoretical modifications are both indebted to and congruent with the pioneering insights of Karl Marx. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
epub
subject
keywords
unequal exchange, use-value, money, energy, technology
in
Capitalism, Nature, Socialism
publisher
Routledge
external identifiers
  • scopus:85046090289
ISSN
1548-3290
DOI
10.1080/10455752.2018.1464212
language
English
LU publication?
yes
id
0db7851e-de7f-4813-a0ea-52253e4b640c
date added to LUP
2017-10-24 10:30:30
date last changed
2018-05-29 10:46:20
@article{0db7851e-de7f-4813-a0ea-52253e4b640c,
  abstract     = {This is Part 2 of an article arguing for an extended application of Karl Marx’s insight that the apparent reciprocity of free market exchange is to be understood as an ideology that obscures material processes of exploitation and accumulation. Rather than confine this insight to the worker’s sale of his or her labor-power for wages, and ground it in the conviction that labor-power is uniquely capable of generating more value than its price, the article argues that capital accumulation also relies on asymmetric transfers of several other biophysical resources, such as embodied non-human energy, land, and materials. Such a shift of perspective extends Marx’s foundational critique of mainstream economics by focusing on the unacknowledged role of ecologically unequal exchange, but it requires a critical rethinking of the concept of “use-value.” Part 2 of the article briefly reviews the history of debate in ecological Marxism, discusses the peculiar semiotics of money, outlines the implications of ecologically unequal exchange for a reconceptualization of modern technology, and concludes with the conviction that the proposed theoretical modifications are both indebted to and congruent with the pioneering insights of Karl Marx.},
  author       = {Hornborg, Alf},
  issn         = {1548-3290},
  keyword      = {unequal exchange,use-value,money,energy,technology},
  language     = {eng},
  publisher    = {Routledge},
  series       = {Capitalism, Nature, Socialism},
  title        = {The Money-Energy-Technology Complex and Ecological Marxism : Rethinking the Concept of "Use-Value" to Extend Our Understanding of Unequal Exchange, Part II},
  url          = {http://dx.doi.org/10.1080/10455752.2018.1464212},
  year         = {2018},
}