On Mon, 21 Jan 2002, you wrote: > Rakesh [6372] writes in part: > > >You are hung up on a point the significance of which you have not been > able to > >establish. > > Really? I would have thought our disagreement was over the details of my > argument, not its significance. Let me check this by asking you a > question, Rakesh: > > Is the commodification of labor power *essential* or *incidental* to the > process of transforming money into capital, according to Marx's account in > Volume I of Capital? > Whatever input counts as the substance of value will generate the same paradox. If one constructs input output tables computing oil values you get the paradox that the price of one barrel of oil is less than one barrel, just as the price of one hour of labour is less than one hour. > Gil -- Paul Cockshott, University of Glasgow, Glasgow, Scotland 0141 330 3125 mobile:07946 476966 paul@cockshott.com http://www.dcs.gla.ac.uk/people/personal/wpc/ http://www.dcs.gla.ac.uk/~wpc/reports/index.html
This archive was generated by hypermail 2b30 : Sat Feb 02 2002 - 00:00:06 EST