From: Rakesh Bhandari (rakeshb@STANFORD.EDU)
Date: Wed Jun 23 2004 - 11:52:30 EDT
At 10:12 PM -0400 6/21/04, Allin Cottrell wrote: >On Mon, 21 Jun 2004, Rakesh Bhandari wrote: > >>If one could measure socially necessary average labor time directly, >>then the program of labor certificates would not be utopian: money >>would not be the necessary form of appearance of value. > >This implies (I think) a misunderstanding of Marx's critique of 'labor >certificates' that is unfortunately all too common among Marxists. > >Marx took it for granted that one could measure socially necessary >labour time in a socialist (planned) economy, Yes but the argument is about why he thought it could only be measured via money in a commodity producing society. > and he corresponding >advocated the use of such certificates in the Critique of the Gotha >Programme. > >What he attacked was the notion that one could achieve economic >justice under capitalism by enforcing exchange "at value"; Well yes but he was also concerned with the utopian attempt to abolish money while allowing commodity producing relations to remain intact. > and further >he held that such a policy would in fact block the typical mechanism >for the allocation and reallocation of resources between productive >activities under capitalism, which proceeds precisely via the >divergence of price and value. But for you this does not mean that value is undetermined before exchange. But Ian already asked: how do we the average level of technique before we know the level of effective demand. Rakesh >Allin Cottrell
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