ABSTRACT
So far, our discussion of Marxism has examined how production determines the quantitative architecture of capitalism – while taking production itself for granted. But, then, there is nothing very simple about production, certainly not in the way that Marx analyses it. Recall that his value equations concern productive labour only. They therefore presuppose that we can objectively distinguish labour that is productive from labour that is not. Yet, as we shall now see, differentiating the two types of labour is no simpler than transforming values into prices. And even if a line could somehow be drawn between them, its meaning and significance would be anything but clear.
