Hello Michael, On 6 Jun 2001, at 22:40, Michael Williams wrote: > the > most we can coherently allow Fred is that Money is 'derived', in the > systematic dialectical presentation, as a necessary condition of existence > of Abstract Labour. And that is the converse of deriving Money logically > from a full-formed autonomous concept of Abstract Labour, and prohibits > any ontological commitment to abstract labour independent of its systemic > interconnections. Three related questions: 1) What is abstract labour? 2) Does abstract labour time tether price magnitude? 3) Do you have a theory of the systematic determination of value *magnitude*? Best wishes, Andy
This archive was generated by hypermail 2b30 : Sun Jul 15 2001 - 10:56:29 EDT