On Wed, 23 May 2001, Rakesh Narpat Bhandari wrote: > >If you believe that commodities can be resolved into labour and > >labour alone, then you believe in magic. > > But Steve no one is saying that; of course there will remain some > natural residue which is not objectified labor. Marx never said > otherwise. In fact in both Capital 1 and the the Critique of the > Gotha Programme he emphasized that wealth is the product of both > labor and nature...as you surely know Agreed. The non-labour residue is composed of the materials supplied gratis by nature, which are crucial to a commodity's use-value but have no bearing on its value. Allin.
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