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A very political political economist: Rosa Luxemburg's theory of wages

Research output: Contribution in Book/Report/ProceedingsChapter (peer-reviewed)

Published

Publication date2009
Host publicationRosa Luxemburg and the critique of political economy
EditorsRiccardo Bellofiore
Place of publicationOxford
PublisherRoutledge
Pages139-174
Number of pages36
ISBN (Print)9780415405706
Original languageEnglish

Publication series

NameHistory of economic thought

Abstract

A core weakness of Marx' theory of wages is the indeterminacy of the analytic concept of the ' value of labour power'. Rosa Luxemburg is shown to have dealt with this problem which is at the basis of the concept of surplus value in a rather ingenious way.