Hegemony and the Politics of Labour : Towards a Discourse Theory of Value in Contemporary Capitalism

takes up a question that goes to the heart of the debate about politics, capitalism, and discourse: how can labour relations and value production be understood as discursive processes?

When they launched their poststructuralist discourse theory almost 40 years ago, Ernesto Laclau and Chantal Mouffe positioned the contingency of discourse and politics in sharp contrast to the deterministic tendencies of the Marxist critique of capitalism. Moving beyond Marxism as an essentialist ‘other’, discourse theory has since remained notoriously silent on questions related to the core workings of capitalism. This book is the first to bring the central categories of discourse theory into conversation with Marx’s critique of political economy. Reintegrating both traditions, it argues that the social relations of labour in capitalism emerge as a hegemonic formation. Its contribution is to extend the reach of discourse theory to the capitalist economy, exploring how a post- Marxist account of labour, value, and class connects to the contingent politics of populism.

is an original and important contribution to the fields of discourse theory and critique of political economy.