From: clyder@gn.apc.org
Date: Mon Nov 04 2002 - 17:18:39 EST
Quoting Allin Cottrell <cottrell@wfu.edu>: > On Sat, 12 Oct 2002, Christopher Arthur wrote: > > > It seems to me that talk of individual value simply collapses value > > into concrete labour time. Value represents abstract labour time > > measured according to that time socially necessary i.e. value is > > identical in all commodities of a particular sort... > > But doesn't this skirt the issue of how "socially necessary" is > defined when technology is changing? E.g. is the socially necessary > labour time some sort of average, or is it the minimum according > to best practice (even if only one or a few producers are using the > best practice at a given point in time)? > > Allin Cottrell. > Could one get a purchase on this by asking whether the best practice was generalisable to the industry as a whole with current stocks of means of production. To the extent that it is not, the mean is a good estimate of what is socially necessary. >
This archive was generated by hypermail 2.1.5 : Tue Nov 05 2002 - 00:00:00 EST