A Value Theory of Inclusion: Informal Labour, The Homeworker and the Social Reproducon of Value Alessandra Mezzadri, accepted version, published in Anpode at hps://onlinelibrary.wiley.com/doi/epdf/10.1111/an.12701?saml_referrer Abstract Critically engaging with Marxist-Feminist debates, this article argues that only interpretations of social reproduction as value-producing capture the features of contemporary informalised labour relations. Building on early social reproduction analyses and informed by debates in political economy of development and feminist geography, the article sketches a ‘value theory of inclusion’ premised on the centrality of all labour to value-generation; accounting for different forms of exploitation; and stressing the dynamic interpenetration of production and reproduction in processes of labour-surplus extraction. By re-centering the geographical focus on the Global South, the article illustrates this interpenetration by identifying three reproductive mechanisms of value-generation, based on: industrial housing arrangements; spatial processes of externalisation of reproductive costs across urban-rural divides; and processes of formal subsumption of labour, analysed with special reference to women homeworkers in India. An inclusive theorisation of value-generation is crucial for the development of inclusive politics, recognizing exploitation in its varied manifestations. Introducon A number of recent studies have brought renewed aenon to social reproducon, its role in capitalism and reorganisaon in the Global North during neoliberalism (Ferguson et al, 2016; Bhaacharya, 2017; Fraser, 2014, 2017; Ferguson, 2019). Aspiring to build bridges between Marxism and different strands of Feminism, many of these studies - organised under the name of Social Reproducon Theory (SRT) - also aim at theorising class and social oppression within a unitary theory of capitalism, avoiding dual theories conceiving patriarchy and capitalism as separate systems (Vogel, 1983; Arruzza, 2016). This aim is pursued through a tradional Marxist analycal lens, understanding social reproducon as composed of circuits lying outside processes of value generaon. Notably, here SRT breaks with Early Social Reproducon Analyses (ESRA), which instead theorised social reproducon as central to value generaon (Dalla Costa and James, 1972; Fortuna, 1982; Mies, 1982, 1986; Reddock, 1994; Picchio, 1996; Federici, 2004). SRT intervenon could not be melier given the expansion of feminist movements across the globe, the strain on social reproducon accelerated by the COVID-19 pandemic, and the rise of the Black Lives Maer (BLM) movement. However, notwithstanding its important contribuons, this arcle argues that its take on value is problemac. Theorecally, its exclusion of reproducve realms and acvies from processes of value generaon is based on an overtly rigid schema separang value-producing and non-value-producing circuits, reifying the use-value/exchange value disncon and based on producvist, wage-centric understandings of exploitaon. Polically, such exclusionary takes on value may undermine efforts to build solidaries across labouring classes and polical movements, as the idenficaon of ‘hierarchies’ of contribuons to capitalism may weaken the redistribuve claims of some classes and communies (Federici, 2019). The development of inclusive theorisaons of value, instead, may not only boost solidaries but also broaden our horizon 1