Issue no.90
Autumn '06

1

Behind the news
Business union vs. business union? Understanding the split inthe US labour movement
Ian Greer
In summer 2005, the us trade-union movement formalised its split into two rival confederations. In response to the afl–cio’s ineffectiveness, seven unions, accounting for 40 per cent of its membership, broke away and formed Change to Win. This article
concludes that the split will have little effect on the fortunes of American unions.


7

Money and exchange
Christopher J. Arthur
Money is derived as the actuality of value before thematising its role in the process of exchange. This contrasts with the view of it taken by the Uno school. The dialectic of the value form provides a basis for envisioning money as active, not passive.


37

A value-oriented distinction between productive and unproductive labour
Sergio Cámara Izquierdo
This paper provides a new insight into the debate on productive labour. In the first part, Cámara points to the erroneous basis of the controversy. He then shifts the emphasis away from the classification of unproductive activities to address the implications of such a concept at micro and macro levels, so that the essentials of the labour theory of value are preserved.


65

Putting social capital in its place
Raju J. Das
In this paper, Raju Das suggests that if social capital is to have any purchase at all, it must be firmly embedded within the class framework.


93

A recipe for a cookshop of the future: G. D. H. Cole and the conundrum of sovereignty
Chris Wyatt
While Marx’s critique that institutional detachments obscure the modern state’s embodiment in socioeconomic relations is
substantively correct, his writings are vague about the organisational setting capable of harbouring an alternative. This paper argues that G. D. H. Cole’s guild-socialist scheme transcends the state–civilsociety dualism, and successfully redefines the substance of sovereignty. In doing so, it effectively completes Marx’s polemic.


125

Book reviews
Book Reviews

Capital & Class (ISSN 0309 8168)

 

 
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