Which Way Forward for Marxist Value Theory? A Rejoinder to Moseley

Abstract

Fred Moseley's reply to my review essay on his Money and Totality essentially repeats the argument that was criticized at length in that essay. It rests on a grave misinterpretation of my own position and does not achieve its objective: to build upon Marx's work and provide solid foundations for ongoing progress along Marxist lines. The crucial logical incoherence of the argument in Money and Totality remains and is an obstacle to the goal that Moseley and I share: to continue the work begun by Marx and to use that work in the service of progressive social transformation around the world.