The ethical economy: Towards a post-capitalist theory of value

Abstract

Social production has risen on the agenda of the social sciences. Ye t most observers have been reluctant to confront the question of the value of these practices. Instead they have mostly been characterised as ‘free’, ‘common’ or beyond value. This article argues that far from being free, social production abides to a particular value logic, an ‘ethical economy’ where value is related not to the input of labour time, but to the ability to give productive organisation to a diffuse connectivity or, which is the same thing, to transform weak ties into affectively significant strong ones. The article concludes that progressive politics should work with this new emerging value logic.