Re: [OPE-L] the "unequal exchange" controversy

From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Wed Dec 28 2005 - 20:14:02 EST

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Hi again Jurriaan:

OK, after reading your response to Antonio, I think I understand better
what you meant previously, i.e. that there is an objective evaluation in the
marketplace.  But, this still raises measurement issues for those who
want to empirically study the international transfers of value: how could
analysts --  not the market -- measure SNLTs?

In solidarity, Jerry

> > In Marx's case, the unequal exchange is evaluated objectively also in
> > terms of quantities of labour-time, i.e. more labour-time exchanging
> > for less labour-time.
> Labour time can be objectively measured in working hours.   But,  how
> is *socially necessary* labour time objectively measured and evaluated?

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