abstract labour

abstract labour

the basis of the measure of VALUE in Marx's economic theory. See SOCIALLY NECESSARY LABOUR. See also LABOUR THEORY OF VALUE.
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Although the objective social process runs on the back side of value constitution and abstract labour, the question of money commodity remains open, since the universal equivalent in itself does not yet possess the functionalities of money.
In contrast, abstract labour is mediated, enabling the rise of commodity fetishism.
Abstract space embodies violence in structural terms constituted by the grids, nodes, networks of property, production and exchange through which the law of value exerts its abstract domination and corresponds to abstract labour and the general form of commodity production within capitalism (Lefebvre, 1974/1991: 307, 341, 404).
Crucially, after criticising classical political economists for a flawed method in their treatment of abstract categories as the 'departure point' for their analyses, Marx (1973 [1857]) goes on to demonstrate the manner in which a category such as abstract labour achieves 'practical truth' through historically and geographically specific practices:
Karl Marx's notion of abstract labour identified the inner engine of capitalism, that is, the transformation of labour into a general equivalent.
The text must then shift to a different perspective--a 'transcendental' one--to derive the 'supersensible' categories of value and abstract labour, which name intangible social structures that cannot be directly observed, but must be intuited by reason (1990, pp.
Capitalism reduces economic value to a specific social substance: abstract labour time.
But culture is not "soft politics," secondary to "real politics" and "real struggle." To separate the cultural from the political and economic is a mechanical materialism that turns flesh and blood human beings, the active Subject, with thoughts, dreams, ideas, a voice, hopes, and judgments into categories of abstract labour simply responding to capital.
Simultaneously Marx elaborated on the twofold character of labour, concrete labour and abstract labour, which revealed a qualitative feature of labour as the source of a commodity's value.
One has to remember that what is exchanged in the market is not rent producing assets, rather abstract labour which is congealed in and sold as commodities.