[lbo-talk] The zen of marx (was clarification) ADDENDUM

James Heartfield Heartfield at blueyonder.co.uk
Sat Feb 20 08:57:35 PST 2010


Mike writes, perceptively 'To my way of thinking, this quote could also be used to summarise Marx's defense of the labour theory of value.' Yes, indeed. The rest of the letter makes it clear that Marx is explaining to Kugelmann that the demand to 'prove' the labour theory of value is pointless, it is, he says, obvious from the fact that all societies need to distribute labour, and this society achieves it through exchange.


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