> Roger Odisio writes
> >I argue that the different approaches to the question of distribution result
> >largely from a different view the labor market exchange. Marxists see it as
> >an unequal exchange in which labor receives only its subsistence, while
> >capital accumulates the surplus value created by labor.
>
> But you should bear in mind the proviso that Marx elaborates in Poverty
> of Philosophy when he chides Prudhon and Bray for thinking that the
> exchange is unequal. On the contrary, he says, the worker is paid the
> value of his labour power at its just price - ie the price of the
> commodities that go to his subsistence.
> It is wrong to insist upon an 'equalitarian' approach because this is
> precisely the real condition of exploitation
The unequal labor market exchange I refer to is between what the worker produces and what he is paid; i.e., between the values of labor and labor power, not between labor power and wages. The difference between the value of labor and labor power is the measure of the exploitation of labor due to the unequal exchange.
Roger