A Japanese Reconstruction of Marxist Theory by Robert Albritton

By Robert Albritton

A detailing of the consequences of Kozo Uno's political and financial concept. attempts to provide an explanation for the humanistic capability of Marxist conception.

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Marx is no exception to this tendency. Despite many passages in Marx's writings that seem to reject 30 Political Economy the logical-historical method, one can find other passages that support it, and this is because Marx himself was unclear about the relation between the law of value and history. For example, Marx begins Capital with the sequence 'commodity', 'money' and 'capital', and it seems that this parallels history where at first there is commodity barter without money, then there is the use of money to promote commodity trade, and finally there is the development of capital as a profit-making activity.

2o For this reason Uno and Sekine substitute 'I am willing to exchange 20 yards of linen for one coat', for the expression '20 yards of linen = one coat', because this latter expression makes it seem that an exchange has actually taken place. This is important because the coat does not represent a use-value consumed by the 48 Political Economy linen owner, but instead it is the elementary form of money, and 'money is the direct value-reflecting object since the consumability of its use-value is irrelevant'.

The second point that needs emphasizing about the elementary expression of value is that it is only a proposal for an exchange. This is important in emphasizing the distinction between commodity exchange and barter. A commodity can only be exchanged for money, but money does not yet exist, and in fact valueform theory is precisely a theory which demonstrates the necessary derivation of the money-form from the commodityform. Actual exchanges can only occur after the generation of the money-form and the price-form.

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