[Marxism] 'What to do with the Labor Theory of Value'

Shane Mage 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.

Shane Mage

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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