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About the “Abolition of the law of value”

René Berthier

Article mis en ligne le 7 octobre 2024

par Eric Vilain

The question of the “abolition of the law of value” seems to be an inescapable point of qualification as “communist”, whether on the Marxist or the libertarian side, without the meaning to be given to this concept being clear. The expression is highly inappropriate. In fact, if we are in a scientific register (with scientific pretensions, in this case), a “law” cannot be “abolished” or “suppressed”. At the very most, it can be superseded by a new, more relevant law. So it is no longer a question of “abolishing the law of value” ; it is a question either of replacing it with something else, or of abolishing the economic, technical, social, etc. framework that makes it possible for an object to have a “value”. The notion of the “law of value” is no more than a working hypothesis, and its “abolition” a mere conjecture.