Fred B. Moseley fmoseley at
Fri Sep 23 08:55:13 MDT 1994

Hi Doug,

My interpretation is that productive labor is that which produces
surplus-value for capital.  This is not exactly the same as labor
whic produces a vendible commodity, because the latter also includes
self-employed producers.  Smith - but not Marx - also had a third
definition which adds to the confusion - labor which produces a
MATERIAL (physical) commodity.  As you probably know, Marx discussed
Smith's definitions of productive labor in volume 1 of Theories of



More information about the Marxism mailing list