From: glevy@PRATT.EDU
Date: Sat Apr 07 2007 - 13:02:53 EDT
> To give you a little more background of my interpretation of Marx’s > concept of value: I argue that in Chapter 1 of Volume 1, Marx > developed his concept of value in three aspects or dimensions: the > SUBSTANCE of value (which is abstract labor), the MAGNITUDE of value > (which is socially necessary labor-time), Fred: SNLT can not be conceived of as merely magnitude: in addition to having a quantitative dimension, it has QUALITATIVE aspects. It has the QUALITY of being socially-necessary. The qualitative questions concern what TYPE of labor creates value. E.g. for labor time to be socially necessary it must be shown ex post to be _useful labor_. Thus, if 'commodities' are not sold then the labor time which was used to create them has not been socially validated as necessary/useful and hence the magnitude of that labor is _subtracted_ from the total amount of labor which (potentially) creates value. In solidarity, Jerry
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