Re: [OPE] peanut butter value-form theory

Philip D. **The strictly ex-post value accounting take on this says that, since the contaminated crackers could not be sold, said crackers were never the material bearer of value. Even though peanuts etc. were used up in making them and useful labour performed, no constant capital could be transferred and no labour value added since there is no commodity formed from the contaminated crackers.**   In this case a loss of value occurs, the recognition of which is essential in a rational accounting system. So, it is indispensable to distinguish the reasons of the transference of no constant capital and the addition of no labour value, i.e. 1) Non-labor performed or 2) labor performed in useless commodities.  A. Agafonow ________________________________ De: Philip Dunn <hyl0morph@yahoo.co.uk> Para: Outline on Political Economy mailing list <ope@lists.csuchico.edu> Enviado: sábado, 28 de marzo, 2009 14:42:56 Asunto: Re: [OPE] peanut butter value-form theory On Fri, 2009-03-27 at 14:08 -0700, Paula wrote: > Jerry said: > > > 4. When the crackers are made available for sale (and even beforehand), > > the firms which seek to sell them _presume_ that they represent value. > > They presume this because abstract labor is embodied in the crackers. > > > If they don't sell because the product > > now does not have a use-value, then those crackers do not represent > > value > > If they don't sell, for whatever reason, then the value cannot be realized. > This is the standard Marxist account as far as I know. > > Paula > Hi Paula and Jerry, The strictly ex-post value accounting take on this says that, since the contaminated crackers could not be sold, said crackers were never the material bearer of value. Even though peanuts etc. were used up in making them and useful labour performed, no constant capital could be transferred and no labour value added since there is no commodity formed from the contaminated crackers. Jerry, if the contamination crackers was not detected and any ill effects suffered by consumers were not blamed on the crackers - no recall, no refund, I would say everything is normal from the value and use-value point of view. In such circumstances, the crackers are the material bearer of value, constant capital is transferred, and labour value is added. _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope

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Received on Sat Mar 28 10:05:17 2009