From: gerald_a_levy (gerald_a_levy@msn.com)
Date: Mon Mar 10 2003 - 09:45:56 EST
Re Phil's [8566]: > I now think that the magnitude of a commodity's intrinsic value > is an accidental property of the commodity. In what sense or senses do you mean that the magnitude of value is an "accidental" property of a commodity? > The link with probability is in terms of Aristotle's notion of a power > (dynamis) and its activity (energeia) and the result or realisation or > recognition (entelecheia) of this activity. Briefly, the value creating > activity of labour-power is recognized/measured both in the labour > market as money wages and in the product market via prices. Interesting. I think that value-form theorists and temporalists (as well as some others, e.g. Riccardo and Fred) would agree with that last sentence. Dualists and simultaneists might disagree, I believe. > These two measurements are related probabilistically. Which is interesting because not all of those who have been influenced by Farjoun and Machover would agree about when and how the value-creating activity of labour-power is recognized and measured. I guess theorists from a number of perspectives have used F&M as a springboard for further research. What do you think about the work of Webber and Rigby -- two others who were strongly influenced by F&M? Solidarity, Jerry
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