[OPE-L:2067] Re: value-form theories

From: Gerald Levy (glevy@PRATT.EDU)
Date: Sun Jan 09 2000 - 08:16:38 EST

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Re Geert's [OPE-L:2062]:

> The very existence of profit
> is of course the result of exploitation -- I am sorry if we have taken
> that too much for granted (did we Jerry? - I refer to your 1879 -
> see chapter one #9 of VFS, where I think it is made explicit that
> labour is the only one source of surplus-value/profit).

You are correct: it is indeed made clear in VFS that labour is the only
one source of "value-added" (68-70). It is unclear, though, what
connection there is in VFS between surplus-value ("value-added") and
surplus labor time (and between paid labor time and unpaid labor time).

The justification for the claim that (abstract) labour is the
source of "value-added" is: "It is because labour is the only element
that takes on the form of value whilst it is not produced within the
capitalist sphere of production that it potentially creates value-added"
(69). This claim is justified, it appears to me, by process of
elimination (69-70).

It's great to hear from you again on OPE-L!

In solidarity, Jerry

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