Abstract

Prompted by the debate over Michael Lebowitz's contributions on the relative absence of class struggle in Marx's Capital, this paper seeks to push analysis forward by closer examination of the notion of the value of labour-power. It does so by arguing that labour markets are structured, reproduced and transformed in complex and differentiated ways, whilst the moral and historical elements that make up the use-value interpretation of the value of labour-power also need to be addressed in a differentiated manner rather than as a fixed bundle.