From: Christopher Arthur (cjarthur@waitrose.com)
Date: Wed Nov 27 2002 - 11:17:06 EST
Andy wrote 8052: > >> Labour >> time is the only possible material property of commodities that >> could be systematically related to 'prices'. > >Andy A commodity is a persisting physical object. Value as the relational property such an object has may conceivably be derived from the proportions in which it exchanges with others. But you would need to do a lot of conceptual work to explain how time could be a property of a physical object. Of course you could argue you are indirectly referring to a causal condition of its existence but you could only make that a property on a pretty strong internal relations view of the world. Finally, it always astonishes me that CPE and KM assume the dimansion of labour is time. It would be more intuitive to a theory based on the notion that 'a lot of work has gone into it' to measure labour in energy expended with some coefficients to cover pleasant/unpleasant work. IMO the only way to justify the time measure is through VF theory via the capital form. greetings Chris A 17 Bristol Road, Brighton, BN2 1AP, England
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