Dr. Michael Lazarus (52:49)
Right. Thanks so much to value form theories. Kind of a way of thinking about the understanding of social form as it plays out in Marxists, generally speaking, Marxist thought more broadly. But like especially there's an attention in some of the scholarship on the way it plays out in capital and the manuscripts around capital. And part of it's sometimes described as a particular tradition. There's different kind of different contexts in which it arises. But what I take to be the most important parts of it is that it's a challenge to traditional or kind of older understandings of Marx's way of thinking about capitalism that understood there to be a trans historical nature of value and a trans historical nature to the categories that Marx is discussing rather than historically specific instances of value of labor and so on. The Marxist critique of capitalism takes seriously that his objective critique is capital and how value is the form of wealth specific to capitalist society. So in particular key to this position is that the labor theory of value of classical political economy found in Adam Smith and Dave Ricardo and so on. Common to that view is that value is a physiological characteristic bestowed by labor onto objects. Whereas Marx has an imminent critique of this way of thinking that he has certainly a value theory, but he wants to show that why labor always takes a specific form. And then under capitalism it takes an abstract form. And in this way it's only abstract labor that produces value and that it must be, that production must be realized. The value must be realized in exchange. So that when we're thinking about capitalism and Marx's idea of value, it's not just the role of production, it's the role of circulation. And these two things that are essential to the metamorphosis of value. How value continues to take different forms in commodities, in money, in capital and so on. And Marx is really trying to argue that value isn't something that we can hold in our hands. It's a social relationship. And the problem precisely with political economy, but its fetishistic element in general is the value appears to be a property bestowed onto objects. We value objects, right? We do. There's a valuation process that occurs through a series of social relationships that are mediated by the market. But those relations in and of themselves are not valuing. It is a standalone thing. He says. Well, famous section of capital. He says, we can twist, you know, we have a promoter we can twist and turn, but we can't hold it to that. Its object, its objecthood, right? And this type of theorization opens up a series of hugely important elements of how we can consider Marx's significance as a social theorist. And the problem that I'm trying to help animate the thought that I'm trying to from that starting point and that engagement with a fine grained reading of Marx's work, but then also other thinkers that trying to use that or trying to develop that kind of thought. I'm showing the possibilities for thinking about that critique of capital as a idea of recognition, to use Hegel's language, those social relationships, the fact that value is made up of human activity, that, that social organization, that those social forms act as systematic barriers to the way in which people could relate to each other in, through the type of activity that, how we organize our lives through family, workplace, political communities, that these are like that these institutions that are in our present society configured by capital and by abstract forms of domination that we find often the family is a place where there's huge amounts of. Where social reproduction occurs, where there's huge amounts of agenda and heavily problematic way in which gender relations and oppression is reproduced through the family. That work is a place of alienation and exploitation. And that the political state is one of nationalism and oppression as well. So I'm trying to show the ways in which those that thinking about capital and at H. Thinking about Marx's idea of value and thinking about the argument he plays in capital is ways of thinking about how all those versions or those institutions of social relations could be otherwise. That they could be. We could have real relations of meaning in or deeper two sided normative meaning within the institutional forms that we make our lives together. And the part of Marx's problem with capitalism is the way in which value comes to rule over us. That capital acts as a form of domination on us because of the way that we produce it. That it's our action that makes it, but that it could be otherwise. And that for it to be otherwise would require the type of cooperation which is, you know, which is imminent within, you know, that we. The way the world is made. And so from Marx's analysis of the way that social relations are composed and reproduced, Marx sees that there's some potential for a form of that the cooperation that's involved in it. That capitalism is the most global and complex way of. Of organizing the way that we live could be. That there could be. We can gain elements of the way of thinking about social relationships within that. But how those social relationships are ones of domination rather than of freedom. And that Marx has an idea of recognition involved in it. That the mark immediates the way that we interact with rather than the actual activity that we do with each other.