11. From the Labour-Value Theory to the Utility-Value Theory
- Author:
- M. Kemal Aydin and Kıvanç Aydinlar
- Publication Date:
- 11-2011
- Content Type:
- Journal Article
- Journal:
- Bilgi
- Institution:
- Değişim Yayınları
- Abstract:
- Nowadays the preponderant paradigm of economics is regarded as if there weren't any other 'economics' that is to say it is taken as data. This paradigm should be reviewed by following its historical development process with a critical perspective. The modulation from 'the labour-value theory' to 'the utility-value theory', which the shift of paradigm can be based on, enables such a view. Likewise while 'the labour-value theory', which has taken its final shape with Marx, interprets the capital accumula-tion process by using the concept of 'plus value' and, in this sense empha-sises that the capitalist system lives on 'class conflicts', 'the utility-value theory', which is the base of the preponderant paradigm, tries to conceal these conflicts by referring the concept of 'marginal utility'.