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The Ethical Dimension of Economics

  • Frederick B. Mills
Chapter

Abstract

Chapter 6, The Ethical Dimension of Economics, examines Dussel’s detailed study of the work of Karl Marx. Dussel interprets Marxism as an ethics of liberation which deploys an analectic method. Dussel argues that living labor, for Marx, retains a certain exteriority to the economic system despite being exploited by capital for private gain. In particular, the chapter focuses on alienation of living labor in the form of labor power subsumed by capital. It also discusses the theory of surplus value and how bourgeois economics mystifies capital accumulation as though capital created value out of nothing when in reality this value comes in large part from unpaid (surplus) labor time. For Dussel, the ethical principles are subsumed as norms of the struggle to overcome the alienation of labor as well as to halt the degradation of the biosphere.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Frederick B. Mills
    • 1
  1. 1.Bowie State UniversityBowieUSA

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