From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Tue Jan 30 2007 - 11:59:35 EST
> Capital's unpublished chapter, The Results of the Immediate Process of > Production, opens with a discussion of the commodity as the product of > capital. Two and a half pages in Marx summarizes by making 3 points. Howard and Hans: For context and further explanation, see his NEXT division into 3 -- 1 1/2 pages further on (end of page 953 until beginning of page 955 in Penguin edition). He suggests (in the para beforehand) that "The *commodity* that emerges from capitalist production is different from the commodity we began with as an element, the precondition of capitalist production." He goes to to suggest that "The commodity may now be FURTHER DEFINED as follows: ...." (emphasis added, JL). It's worth especially noting in this FURTHER DEFINITION of the commodity how "the *commodity* as the *product of capital* can be said to contain both paid and unpaid labour." (p. 954) |Note| In solidarity, Jerry |Note| He explains that "this is not strictly true since the labour itself is not bought or sold directly". You can read this yourself, but I interpret this to mean, in the context of the section, that it is "not strictly true" because *labour time* rather than labour itself is directly bought and sold. Thus, he writes that a "portion of this objectified labour ... is exchanged for the equivalent of the worker's wages; another portion is appropriated without any equivalent being paid .... and it is a convenient abbreviation to describe the one as paid and the other as unpaid labour." (Ibid).
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