[Marxism] 'What to do with the Labor Theory of Value'
shmage at pipeline.com
Sun May 12 13:44:37 MDT 2013
On May 12, 2013, at 3:23 PM, Angelus Novus wrote:
> Shane Mage wrote:
>> These are both entirely empirical sums--alternative measurements of
>> same aggregate, one in terms of money the other in terms of hours of
>> socially necessary labor time.
> No, because socially necessary labor time, *abstract* labor, cannot
> be measured by a clock, but only as a sum of money.
We are dealing with aggregates. The *whole* of socially necessary
labor time is measured in units of time. The "aliquot part" of it
embodied in each commodity is represented as a sum of money. The
whole is the sum of the parts.
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