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

Daniel Rocha danieldiniz at gmail.com
Sun May 12 16:27:58 MDT 2013

On May 12, 2013, at 5:45 PM, Daniel Rocha wrote:
"Don't you agree that aggregate final prices are equivalent to aggregate
labor-time? Anyway, that's what Kliman seems to be saying in the reference
you posted."

No, I don't agree unless very special care is taken. I am not sure if it is
possible with available data. And I don't recall giving any link...

"Wages of "necessary but unproductive" labor are costs, "faux frais," and
Marx treats them as circulating constant capital because "they have to be
made up out of pre-existing values."  The GDI, of course, is not organized
to reflect Marx's categories like "variable capital." "

But then you are going to a Ricardian point of view, not Marxian, if you
are going outside standard Marxian categories and considering wages outside
productive sector as contributing to the total aggregate.

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Daniel Rocha - RJ
danieldiniz at gmail.com

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