ISSN : 1225-6706
The present article seeks to elucidate British feminist economist Diane Elson’s interpretation on Marx’s theory of value. According to Elson, the object of the theory is not a value in a capitalist society, but the historically specific determination of labour-form. In this reagrd, she cleverly distinguishes between the labour theory of value and the value theory of labour, and then presents the latter as Marx’s theory of value. And her interpretation has been adopted and utilised by David Harvy and Bob Jessop that is influencial in the field of critical human geography. For this reason, an understadning of her interpretation on Marx’s theory of value is indispensable for an understadning of Harvey and/or Jessop’s theoretical work. Nevertheless, Elson’s work has been ignored in this country. In this regard, this article unambiguates her interpretation on Marx’s theory of value and explicates its impacts on Harvey and Jessop’s work.