Fetish Value: Difference between revisions

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(Created page with " =Discussion= S.A. Hamed and Barry K. Gils: "In this book, we introduce the term ‘fetish value’ to distinguish our conception of value from that of classical political economy and its Marxian critique, encompassing Marx’s idea of (commodity) value but extending beyond it, as we will elaborate. Fetish value should not be confused with Marx’s ‘fictitious value’ that refers to ‘fictitious capital’ as its embodiment versus ‘real value’ embodied in produ...")
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Revision as of 06:46, 23 July 2024

Discussion

S.A. Hamed and Barry K. Gils:

"In this book, we introduce the term ‘fetish value’ to distinguish our conception of value from that of classical political economy and its Marxian critique, encompassing Marx’s idea of (commodity) value but extending beyond it, as we will elaborate. Fetish value should not be confused with Marx’s ‘fictitious value’ that refers to ‘fictitious capital’ as its embodiment versus ‘real value’ embodied in productive capital. While keeping the notion of value within the contours of production relations, David Harvey instead prefers the notion of ‘anti-value’ (Harvey, 2018b). To avoid confusion, we have chosen to use the terms ‘fetish value’ (not to be confused with Baudrillard’s concept either) and ‘true value’ instead."

(https://www.econstor.eu/bitstream/10419/290382/1/9781003805588.pdf)