Tapia, Edward

Remembering Dependency Theory

A Marxist-Humanist Review

by Edward Tapia

Summer 2017

This article aims to show that dependency theory underlines vividly the problem of examining the logic of capital independent of Marx’s concept of value. It is impossible to completely understand the essence of Marx’s critique of political economy, especially a vision of an alternative to capitalism, without grasping value as distinct from exchange value. The distinction is of vital importance, since uprooting relations of exchange cannot itself eliminate the defining principle of capitalism: abstract labor, production for the sake of value.