Re: [OPE-L] Question

From: Allin Cottrell (cottrell@WFU.EDU)
Date: Sat Apr 07 2007 - 22:34:29 EDT 

On Sat, 7 Apr 2007, glevy@PRATT.EDU wrote:

> 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.

This is an old misunderstanding of Marx, which has the effect of
dissolving the distinction upon which he insisted, between values
and prices.  Take your point to its logical conclusion and the
"true" (ex post) amount of socially necessary labour time embodied
in a commodity is always given by... its market price.

Allin.

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