Re: (OPE-L) Ajit's paper

From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Thu Jun 03 2004 - 00:48:13 EDT


--- clyder@GN.APC.ORG wrote:
> Quoting ajit sinha <sinha_a99@YAHOO.COM>:
>
> > --- Riccardo Bellofiore
> <riccardo.bellofiore@UNIBG.IT>
> > wrote:
> > > About the MEL, I am satisfied with Foley.
> > __________________
> >
> > But Foley's position contradicts yours and
> Rakesh's
> > and others. Foley simply adds up various kinds of
> > concrete labors such as the labor of carpenters
> and
> > masons etc. to get his total direct labor, which
> is
> > what he places against the total money value of
> the
> > net output to derive the labor value of one unit
> of
> > money. It does not solve your problem of abstract
> > labor since the value of the money commodity is
> simply
> > based on adding up concrete labors. So I think you
> > need to rethink on this problem. Cheers, ajit
> sinha
> > __________________
> >
>
> Surely by adding them up one abstracts from their
> concrete type, and adds up all that remains -
> expenditure
> of human time.
______________
Exactly! So the abstraction has been done by the
theorist before money comes into the picture. Cheers,
ajit sinha
>
>
> >
> >
> >
> >
> > __________________________________
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>
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