This book presents a class-based analysis of poststructuralism and race. The author positions this fundamental question at the heart of his project: why does race still work if it is commonly misunderstood to be a social construct? The answer is that race works because it operates like a commodity, and like any commodity, as long as it generates value (understood in the widest possible sense: economic, political, and cultural-ideological value), it will remain in circulation. This study should contribute to our understanding of race by linking questions of use value to exchange value.