In this paper it is shown that in his conception of value, published in the first volume of Capital, Marx relies on Hegel’s concept of pure recognition to organise the relations between use- and exchange-value on the one hand and the relation between the social relations between things (goods) and actors (sellers) on the other hand. Establishing this thesis is important in three respects: Firstly it demonstrates that there is a strong continuity in the philosophical thought of Karl Marx, making (...) visible an essential relation between his Economic-philosophical Manuscripts and his later writings. Secondly it helps to better understand Marx’s conception of value; and thirdly it shows that “recognition” is an important conception in his critique of political economy. (shrink)