[lbo-talk] Re: What Is Value, Anyway?

andie nachgeborenen andie_nachgeborenen at yahoo.com
Tue Apr 12 07:56:03 PDT 2005



> >
> > Marx, being a closet Aristotelian, assumed that
> economic essence i.e. value
> > resides in things themselves

Zero for two, Woj, Marx spends a lot of time refuting the idea that value is an intrinsic property istead of a social relation. It's a function of the fact that ina generalized market economy where most goods are commodities, the value (socially necessary abstract labor time) emerges and becomes congealed as the resuly of the enforcement of market discipline by competitive social relations. Before capitalism, in feudalism, goods had monetary value but no Value. And the whole point of value its that it expressews the social relationship where the re producer's relation's happen, as he puts it, behind their backs.

I don't go for value theory, but you are missing the point with this criticism.

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