[Marxism] 'What to do with the Labor Theory of Value'
shmage at pipeline.com
Sun May 12 11:42:54 MDT 2013
On May 12, 2013, at 12:37 PM, Angelus Novus wrote:
> Shane Mage:
>> Recognition of the fact that values cannot be expressed without money
>> ("price is value in the form of money") merely states the problem
>> without > solving it.
> No, it's only a "problem" if you think value is a quasi-
> physiological "substance" that has ontological status prior to its
> being expressed in price.
Instead of handwaving with thirty-dollar words ("a quasi-physiological
'substance' that has ontological status") when the problem is pointed
out to you ("the sum of final-product prices, multiplied by the labor-
content of the monetary unit, has to equal the sum of values, but the
relative prices-of-production of the commodities systematically do not
correspond to their relative values"), you really ought to try at
least to reply.
This cosmos did none of gods or men make, but it
>always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures.
Herakleitos of Ephesos
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