Conceptualising the labour-money connection: a critical re-examination of Benetti and Cartelier's Marchands, salariat et capitalistes

Authors

  • Richard Sobel CLERSÉ-UMR 8019-CNRS, Université Lille 1
  • Nicolas Postel CLERSÉ-UMR 8019-CNRS, Université Lille 1

DOI:

https://doi.org/10.23941/ejpe.v7i1.156

Keywords:

monetary approach, heterodoxy, wage-labour nexus, labour force, Marxism, institutionalist political economy

Abstract

Carlo Benetti and Jean Cartelier's Marchands, salariat et capitalistes (1980) may be seen as a French attempt to develop a radical "monetary" paradigm, designed to counter the dominant neoclassical model. In this article, we argue that while the monetary approach is necessary for an epistemological break from orthodoxy, it is insufficient for the development of a genuinely heterodox paradigm. The problem is its conceptual limitation to a form of "monetary purism". This approach is limited by a form of "monetary purism" and this limitation makes it incapable of attributing any theoretical status either to the labour force or to the wage-labour nexus.

Author Biographies

Richard Sobel, CLERSÉ-UMR 8019-CNRS, Université Lille 1

Richard Sobel and Nicolas Postel are assistant professors of economics at the University of Lille 1 (France), and researchers at the laboratory CLERSE-CNRS (http://clerse.univ-lille1.fr/). They have founded and are members of the editorial council of the Revue Française de Socio-Économie (La Découverte/ CAIRN). They are specialists in institutional economics and have co-published the Dictionnaire critique de la RSE (Presse Universitaires du Septentrion, 2013).

Nicolas Postel, CLERSÉ-UMR 8019-CNRS, Université Lille 1

Richard Sobel and Nicolas Postel are assistant professors of economics at the University of Lille 1 (France), and researchers at the laboratory CLERSE-CNRS (http://clerse.univ-lille1.fr/). They have founded and are members of the editorial council of the Revue Française de Socio-Économie (La Découverte/ CAIRN). They are specialists in institutional economics and have co-published the Dictionnaire critique de la RSE (Presse Universitaires du Septentrion, 2013).

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Published

2014-07-19

How to Cite

Sobel, R., & Postel, N. (2014). Conceptualising the labour-money connection: a critical re-examination of Benetti and Cartelier’s Marchands, salariat et capitalistes. Erasmus Journal for Philosophy and Economics, 7(1), 56-85. https://doi.org/10.23941/ejpe.v7i1.156

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Articles