[lbo-talk] value form

boddi satva lbo.boddi at gmail.com
Mon Oct 2 13:47:47 PDT 2006


The Marxian "arithmetic" is one of the most troubled parts of Marx. Marx has this series of sums which are meant to add up and simply don't because there is uncertainty between every step in the valuation process.

Marx returns to this "arithmetic" scheme time and time again and uses it to prove....well largely itself.

And so we get statements like this: "As soon as labour in the direct form has ceased to be the great well-spring of wealth, labour time ceases and must cease to be its measure, and hence exchange value [must cease to be the measure] of use value." - which is pretty nonsensical.

Yeah, if people didn't have to work, they might not think "how many hours of work is that thing I want to buy/have worth?" But obviously that can't happen, because SOMEBODY is going to have to ask the question "is X a productive use of labor?" Marx does not really deal well with the chance that a chosen productive venture will not prove fruitful. I think he does not because he fears that considering this question would tend to validate capitalism, wherein the capitalist claims his profits as a prize for being the risk-taker.

[In fact, risk-taking is a big, big advantage of capitalism. The capitalist desire for profit and the human desire to solve problems and make things better do find happy intersection. Because the capitalist is largely agnostic as to HOW he makes his money, he imposes fewer strictures on the conduct of the economy than did, say, the fedal lord.]

But the statement itself is hogwash. The problem of economic planning and the problem of the market are the same problem - comparing things which are difficult to compare (a sofa-bed is worth how many chickens?). To do so, you need an objective measure and labor time is that objective measure. Money is a less objective measure, but still not bad. To deal rationally with economic decision-making, you have to have some reasonably objective measure, once you measure you value and thus the whole argument about throwing out the "value form" is called into question.

Marx goes on:

"The surplus labour of the masshas ceased to be the condition for the development of general wealth, just as the non-labour of the few,for the development of the general powers of the human head."

This second point is obviously a false comparison, based on the prejudice that there is a small, otherwise useless, class of thinkers who develop human knowledge, rather than a Bell curve of people who spend more and less time on knowledge work. The first point is ridiculous - a society without surplus. A factory intended to produce something of uncertain value is surplus. The labor of the masses will alway sbe necessary for surplus and surplus will always be necessary because of uncertainty.

"With that, production based on exchange value breaks down" - ridiculous.

"and the direct, material production process is stripped of the form of penury and antithesis. The free development of individualities, and hence not the reduction of necessary labour time so as to posit surplus labour, but rather the general reduction of the necessary labour of society to a minimum, which then corresponds to the artistic, scientific etc. development of the individuals in the time set free, and with the means created, for all of them." - Here we get to the crux of it. Marxists have gotten - from Capitalists - the idea that an economy based on work is misery. And yet we know that people freely CHOOSE to do even very hard work on a purely voluntary basis if they feel comaraderie and accomplishment for having done it.

Beginning with Marx, Marxists started to hate the nitty-gritty of the economy and Marxism was injected with a healthy dose of Utopianism. Given economic conditions in the 1850s, that's understandable, as life was pretty grim. But in a modern economy, things aren't so grim and I think we can come to terms with work and trade as facts of life.

"Penury" is producing for the anti-community of capitalism. Working - even very hard - for a real community is not penury at all. In a modern economy, even working people have - relative to the laborer of the 1850s - lots of free time. They waste most of it simply recovering from and sheltering themselves from the stress of alienation. But it is not work and trade that are alienating. It is capitalism that alienates work and trade from a decent, community-affirming life.

Value simply is not the problem here. The problem is WHO measures that value.

Boddi

On 10/1/06, Ted Winslow <egwinslow at rogers.com> wrote:
> On Sep 25, 2006, at 9:44 PM, Angelus Novus wrote:
>
> > The difficult part is getting people to grasp the
> > nature of value. Especially among Marxists, value
> > tends to be reified into an eternal feature of human
> > productive activity.
>
> "Real economy – saving – consists of the saving of labour time (minimum
> (and minimization) of production costs); but this saving identical with
> development of the productive force. Hence in no way abstinence from
> consumption, but rather the development of power, of capabilities of
> production, and hence both of the capabilities as well as the means of
> consumption. The capability to consume is a condition of consumption,
> hence its primary means, and this capability is the development of an
> individual potential, a force of production. The saving of labour time
> [is] equal to an increase of free time, i.e. time for the full
> development of the individual, which in turn reacts back upon the
> productive power of labour as itself the greatest productive power.
> From the standpoint of the direct production process it can be regarded
> as the production of fixed capital, this fixed capital being man
> himself. It goes without saying, by the way, that direct labour time
> itself cannot remain in the abstract antithesis to free time in which
> it appears from the perspective of bourgeois economy. Labour cannot
> become play, as Fourier would like, although it remains his great
> contribution to have expressed the suspension not of distribution, but
> of the mode of production itself, in a higher form, as the ultimate
> object. Time of labour, even if exchange value is eliminated, always
> remains the creative substance of wealth and the measure of the cost of
> its production. But free time, disposable time, is wealth itself,
> partly for the enjoyment of the product, partly for free activity
> which—unlike labour—is not determined by a compelling extraneous
> purpose which must be fulfilled, and the fulfillment of which is
> regarded as a natural necessity or a social duty, according to one's
> inclination." (Marx, Theories of Surplus Value, Part III, p. 257)
> <http://www.marxists.org/archive/marx/works/1857/grundrisse/ch14.htm>
>
> "As soon as labour in the direct form has ceased to be the great
> well-spring of wealth, labour time ceases and must cease to be its
> measure, and hence exchange value [must cease to be the measure] of use
> value. The surplus labour of the masshas ceased to be the condition for
> the development of general wealth, just as the non-labour of the
> few,for the development of the general powers of the human head. With
> that, production based on exchange value breaks down, and the direct,
> material production process is stripped of the form of penury and
> antithesis. The free development of individualities, and hence not the
> reduction of necessary labour time so as to posit surplus labour, but
> rather the general reduction of the necessary labour of society to a
> minimum, which then corresponds to the artistic, scientific etc.
> development of the individuals in the time set free, and with the means
> created, for all of them." (Marx, Grundrisse., pp. 705-6)
> <http://www.marxists.org/archive/marx/works/1857/grundrisse/ch14.htm>
>
> Ted
>
>
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>



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