Wolfgang
Fritz Haug: Towards a Critique of the >Monetarist< Reading of Marx' Capital
Part I, in: Das Argument 257, vol. 46, 2004, no. 5,
701-709
Part II, in: Das Argument 258, vol. 46, 2004, no. 6,
865-876
After a first
critique of the >monetary value theory< as opposed to Marx' value theory
of money in Argument 251/2003 the author examines Michael Heinrich's Critique
of Political Economy. An Introduction (2004). He particularly analyses the covert clash
between Heinrich's monetarist approach and the Marxian theory. He confronts Heinrich's
^logicist^^ reading with marx' analysis and genetic
reconstruction of the value form. He analyses a number of eliminations in
Heinrich's version of Marx' theory: the rejection of >money commodity<
(cf. Capital, I, Fowkes, p. 163), the elimination of the natural
substratum in Heinrich's constructivist version of Marx' concept of abstract
labour, the negation of Marx' concept >organic composition of capital<
(ibid., p. 762). He defends against Heinrich the ^praxeological^^ approach to
reconstruct the ^objectivity^^ of the relations of production and their
institutional settings. Finally he criticizes Heinrich's anti-historical and
^post-marxist^^ rejection and silencing of all >traditional Marxism<.