Re: [OPE] The Labour Theory of Value: a Marginal Analysis

Alejandro Agafonow wrote:
>
> Paul, the fact that an operator of a power station could take
> decisions on the basis of a stable patter of energy consumption
> doesn’t change anything. This only revels that the independent
> variable was stable during a specific period of time.
>
> In this preference stability environment even a capitalist manager
> could take right decisions. But we have to identify correctly the
> chain of causalities, and here subjective preferences have an
> important role –if institutionally speaking the system allows freedom
> of choice.
>
> A. Agafonow
>
>
You missed my point. What I was saying is that a power station manager
has to pay close attention to the objective use value of the coal, its
calorific value which will vary between different sources of coal.
> ----- Mensaje original ----
> De: Paul Cockshott <wpc@dcs.gla.ac.uk>
> Para: Outline on Political Economy mailing list <ope@lists.csuchico.edu>
> Enviado: lunes, 15 de septiembre, 2008 11:00:31
> Asunto: Re: [OPE] The Labour Theory of Value: a Marginal Analysis
>
> Alejandro Agafonow wrote:
> >
> > I agree Jurriaan. There is nothing wrong with this distinction.
> > However, the key to understand deeper disagreements in Economic
> > Science is on the relationship between subjective use-value and
> > objective use-value, between the heating power of coal and the
> > sensation of heating experienced by one person.
> >
> Alexandro, you are concentrating perhaps too much on the final consumer
> here. Try telling the operator of a power station that the objective
> heating power of coal must first be filtered through subjectivity and he
> will think you are havering.
> A large portion of goods are destined for industry where rational
> objective rather than subjective calculations prevail.
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Received on Tue Sep 16 08:40:38 2008