Original Article
Science & Society
2025, Vol. 0(0) 1–24
© The Author(s) 2025
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DOI: 10.1177/00368237251334194
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Marx and Socially Necessary
Labor Time. On the Content
and Form of the Quantitative
Determination of Value
Gastón Caligaris
1
, Alejandro Fitzsimons
1
, and Guido Starosta
1
Abstract
This article revisits the debates on socially necessary labor-time (SNLT) in the
light of contemporary discussions of Marx´s value-theory, which have tended to
move from a rather narrow focus on the explanation of the economic basis of
the exploitation of wage-workers, to a wider critical inquiry into the social
constitution of alienated forms of mediation that structure capitalist society.
Moreover, this re-examination of SNLT draws on a novel reading of the textual
evidence offered by the critical edition of the manuscripts for Capital, against
the backdrop of a brief overview of the controversies between the three main
interpretations which can be found in the literature, and the development of an
alternative systematic-dialectical presentation of the constitution of the con-
tent and concrete forms of realization of the quantitative determination of
value.
Keywords
socially necessary labor time, market value, solvent demand, Marxist debate,
value theory
Received: 11 March 2024; accepted: 11 March 2024
1
Department of Economics and Management, National University of Quilmes, Bernal, Argentina
Corresponding Author:
Guido Starosta, Department of Economics and Management, National University of Quilmes,
Roque S´ aenz Peña 352, 1876BXD, Bernal, Buenos Aires, Argentina.
Email: guido.starosta@unq.edu.ar