v and the value of labor power [was Re: Immiseration: Jim H]

Jim heartfield jim at heartfield.demon.co.uk
Thu Aug 26 06:21:58 PDT 1999

In message <37C3265C.192215A4 at igc.org>, Roger Odisio <rodisio at igc.org> writes

>Labor power does NOT sell at its value, Rakesh. It sells at a wage,
>which has
>little to do with its value.

Roger has gone barmy again. He really thinks that the price of something has little to do with its value? Is the value of labour power, then an entirely ideal sum that has no manifestation in reality?

The value of labour power is the principle determinant of the wage. All other fluctuations are secondary. -- Jim heartfield

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