مجلة العلوم الاقتصادية وعلوم التسيير
Volume 26, Numéro 1, Pages 114-128
2026-07-31
The Missing Measure
Authors : Adel Muhammad .
Abstract
This article highlights the shortcomings of value theory as it developed throughout the history of political economy, particularly in the works of Karl Marx, with special emphasis on rectifying the measure of value. In this context, the article seeks to restore the significance of political economy as a social science, after its demise was proclaimed when value theory lost its capacity to produce objective scientific laws capable of explaining phenomena associated with economic activity independently of market fluctuations and oscillations in prices.
Keywords
Political Economy ; Karl Marx ; Measure of Value ; Value Theory
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