Value and exchange value

Chris Burford cburford at gn.apc.org
Thu Aug 3 07:09:19 MDT 1995


Allin:
------

I think the solution here is quite simple, if 'value' simpliciter is
defined as the labor-time socially necessary to produce a given
product.  Then one has the idea that exchange-value is the social
form taken on by socially necessary labor-time in a commodity-producing
society.  In such a society, the necessary metabolism of labor-time


Chris B:
--------

To the best of your understanding is your interpretation here
compatible with the position that Andrew Kliman as taken on value
as distinct from exchange value?



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