Price mechanisms and social control
Chris M. Sciabarra
sciabrrc at is2.NYU.EDU
Fri Sep 22 12:59:29 MDT 1995
On Fri, 22 Sep 1995, Chris Burford wrote:
> Chris S:
> Oh, but the price system WOULD signal it if resources were
> privately owned; I know this is anathema to a Marxist.
> Chris B:
> I find your contributions very stimulating for us Chris, but I think you
> are wrong on this point. It is not necessarily anathema.
> Marx, Capital Vol 1, Chapter 14, Section 4, 7th paragraph:
> "the law of value of commodities ultimately determines how much
> of its disposable working-time society can expend on each
> particular class of commodities"
> Prices mediate this process.
> Marx also demonstrated in "Labour Price and Profit" that collective
> action by workers really can raise the proportion of the total labour
> time of society devoted to producing consumer goods for workers.
> Similarly there is no reason why workers should not through
> collective action influence how the market is managed
> through price mechanisms. The tendency for the private ownership of
> the means of production to externalise costs of production in the short
> term, can be managed to ensure that these costs are borne now.
> I do not see that your disagreement with Doug is fundamental. The
> question is whether it need take twenty or thirty years for us to
> realise we are dying of pollution. Marxists can make alliances
> with greens on this point.
> --- from list marxism at lists.village.virginia.edu ---
Points well taken CB!
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