VALUE THEORY AND DIALECTICS

If Capital is read as a work in systematic dialectics, early and later stages of the work do not relate externally as model and concrete rea lity. Both are instead different conceptualizations of the same totali ty. On this reading standard objections to the so-called ''transformat ion problem'' dissipate. An appreciation of dialectics also enables a deeper comprehension of Marx's key notions of ''value'' and ''abstract labor.''