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11 Marx, Hegel and the Value-Form

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Chapter Summary

This chapter reconstructs the dialectic of the value-form in order to show how Hegel's categories illuminate it. After an initial analysis of the commodity, using Hegel's categories of 'Being', the remaining categories deployed are drawn from Hegel's Doctrine of Essence, because the oppositions characteristic of its structure are suited to a study of the doubling of the commodity into commodities and money. This discussion of Marx's first chapter is part of a broader project to provide a systematic-dialectical reconstruction of the categories of his Capital. If the commodity has something essential to it, then it has value in itself distinct from the relativity of exchange-value. The chapter explores the form-determinations that underpin the proper measure of value. Value as amount is existent as a sum of money, really distinct from other such sums, albeit identical with them as value, and is embodied in commodities of definite worth.

Keywords: commodity; Hegel; Marx; systematic-dialectical reconstruction; value-form



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