From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Wed Apr 11 2007 - 21:15:53 EDT
> The first meaning is 'technically necessary', the second meaning > approximates to what neo-classical economics calls demand. My > contention is that the definition of value as average socially > necessary labour time refers only to the first concept. Hi Paul C: So, you think that the value of labour power is also determined by what is _technically_ necessary? I think you missed the import of Howard's comment that "you cannot remove the way class relations determine social need from what counts as socially necessary labor time". In solidarity, Jerry
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