Henry Laycock

"Matter" may be defined, according to the Oxford English Dictionary, as "The substance, or the substances collectively, out of which a physical object is made or of which it consists". And while the O.E.D. is not the ultimate authority on words, nor is it, I believe, far wrong in this particular case. The definition is, as I shall argue in this paper, in substantial harmony with a tradition of some antiquity, according to which material objects do not constitute a somehow 'fundamental category' for ontology; and it is in conflict with a more contemporary view which maintains precisely that they do.

Marx''s account of capitalist exploitation is undermined by inter-related confusions surrounding the notion of labour power. These confusions relate to [i] what labour power is, [ii] what happens to labour power in the labour market, and [iii] what the epistemic status of labour power is (the issue of appearance and reality). The central theses of the paper are [a] that property ownership is the wrong model for understanding the exploitation of labour, and [b] that the concept of exploitation is linked more fruitfully to a conception of distributive injustice than to Marx''s theory of surplus value.