[As signalled by me last week, I’m now posting a series of excerpts from the joint paper by Mark Harvey and me with the above title. The first excerpt was here. This second one is from section II of the paper. At the end of this post there’s a link to a full PDF version of ‘Marx’s economy and beyond’; it contains the footnotes omitted from these blogpost excerpts. – NG.]
Arising directly from Marx’s analysis is the emphasis on the necessity – Marx uses the term ‘compulsion’ – for the exchange to take place between capitalists and workers, as two classes of economic agent: owners of money (potentially capital) and owners of labour-power. Marx has a strange formulation of the double freedom of the wage labourer: on the one hand, the free ownership of his or her labour-capacity; on the other hand, freedom from, that is, deprivation of, any objects that might otherwise ensure the worker’s continued existence as a living being. There are two major revisions required to develop this understanding of the constraint, or compulsion, to sell labour-power. The first concerns the nature of the economic constraint: the absolute dichotomy between owners of means of production (in the first instance, money) and owners of labour-power deprived of all objects other than labour-power to sell. The second puts in question whether the constraint to sell can, in fact, be seen as purely economic: to sell and survive or not to sell and to die.
There is considerable ambiguity in Marx’s text, for he does certainly consider, on the one side of the exchange, labour-power as comprising all the mental and physical attributes of a living being, but then equally emphasizes the absence of all other objects necessary for survival. On the other side of the exchange there is a parallel emphasis on ownership of physical assets, money, commodities and eventually physical means of production. So, the contrast or dichotomy is drawn between owners of means of purchase of commodities and owners of nothing other than a capacity to produce commodities, a static and absolute division of rights over commodity resources.
We have already seen that the economic compulsion does not exercise its force equally on men and women, because of various and developing divisions of labour, market and household. But this is not to diminish the understanding that there is indeed a constraint or dependency on selling labour, as a dominant form in a wage-labour economy of labour. However, the economic force of mutual dependency on buyers and sellers of labour, the asymmetric power relation between them that binds them into making exchanges, is far from static or universal in form. Again, the issue of knowledge and skills requires a theoretical shift. It is worth dwelling for a moment on Marx’s exact words, a kind of possessive individualism in which the seller of labour owns his own ‘mental and physical capabilities existing in the physical form, the living personality, of a human being’. An argument might be – has been – mounted that the abstract individual is itself only a product of capitalist historical development, and that the theory is postulating such a being only as an unfolding outcome of this history. The difficulty with the argument is that the possessive individualism of labour-power is a critical theoretical component both identifying the initial conditions of capitalist economic growth and underpinning the theoretical edifice of a universalising capitalist logic of accumulation, as outlined above. It is the ‘commodity’ labour-power which the owner may under compulsion sell to the capitalist: ‘mental… capabilities existing in physical form’. We will come back to this when examining the use or consumption of labour-power in production.
But what is critically missing here are the skills and knowledge of knowledge-bearers: they may be deprived of necessary tools and equipment and all other means of producing means of subsistence. But workers have knowledge. They have skills. And it may be that capitalists have all the physical means of production, because they can purchase those with money and acquire full property rights over them; but given that those physical means of production depend entirely for their conception, design, implementation and maintenance on bodies of knowledge and skills, it is difficult to argue that this body of knowledge, and the technical skills allied with it, are not also a means of production. Setting aside, in this argument, the major significance of the public stock (not capital) of knowledge, and complex interactions between that and technological knowledge, knowledge of the means of production is itself part of the means of production. And owners of the physical means, the fixed and circulating capital, are not owners of the knowledge as such, but at most hire its use in production.
On the other side of the exchange, that of the sellers of the use of their knowledge, crucially, individuals do not own skills or knowledge in the way they own commodities. Indeed – though this is an argument that cannot be fully developed here – as individual bearers of knowledge, they no more own collective skills and knowledge than they own the language they speak, also only as individual speakers or as ‘bearers’ of languages. Here we are treating the significance of this exclusively from the angle of the constraint to exchange, the mutual dependency between buyers and sellers of labour-power. The key implication deriving from it is that the force of the mutual dependency between buyers and sellers of labour-power, the nature of the asymmetry of economic power, shifts with the growth and distribution of knowledge amongst the sellers of labour-power. To put it bluntly, the owners of physical capital hire labour under a force of compulsion to obtain the use of skills necessary to create and mobilize that capital. Conversely, the sellers of specialized scientific or technical labour-power in Silicon Valley are under a different force of constraint than migrant rural workers entering into waged labour in Ghuangzhou Province today, or indeed in Engels’s Manchester in the early 19th century. One further point before leaving this economic dimension of the compulsion to exchange: any division of labour creates a necessity to exchange between those who produce different commodities. If some workers produce bread and others butter, there is a necessity to exchange if people are to butter their bread, and wages (and, more widely, money) are a generalized means to enable such exchanges. People are under a compulsion to exchange wages for goods to sustain their customary ways of life. However, the necessity arising from interdependencies across divisions of labour are of a different kind from the necessities arising from divisions of wealth and resources, typified by the division between employers and workers. Marx is right to that extent. But then, in this respect, labour is not a commodity just like others, and the force of the compulsion to exchange is different from that to buy commodities. Moreover, this is only a first point to mark the fact that labour is not a commodity like others. So Marx’s analysis needs revision when he places such explanatory weight on the fact that it is a commodity like any other.
[I shall be posting further excerpts next week. For the full paper (PDF), ‘Marx’s economy and beyond‘, click through the link. See also ‘On working together‘.]