Re: [OPE] Value as worth & cockroaches

Jerry: “They would presumably destroy the excess inventory (which means that it has *negative* worth since there would be a social cost with storing, destroying, and/or recycling the materials in a manner which is eco-friendly).”   Exactly, but a theory of ‘value as labor’ prevents to understand this.   Regards,A. Agafonow ________________________________ De: Gerald Levy <jerry_levy@verizon.net> Para: Outline on Political Economy mailing list <ope@lists.csuchico.edu> Enviado: miércoles, 8 de abril, 2009 14:48:26 Asunto: Re: [OPE] Value as worth & cockroaches > If the insecticide did not work it is likely that it would not sell at its full value and would have to be discounted by the > state wholesalers. Paul C: If the insecticide doesn't work, then it is likely that (once that was known) it would have NO worth. > The planners on seeing this would scale back production of that line. They would presumably destroy the excess inventory (which means that it has *negative* worth since there would be a social cost with storing, destroying, and/or recycling the materials in a manner which is eco-friendly). > This does not deal with the problem of whether the chemical industry in Cuba in the 1960s had the ability > to synthesise pyrethrins or DDT. If they lacked that basic capacity, no monkeying around with prices would > lead to proper insecticide. In your socialist economy how would the social costs of the DDT, eloquently explained by the late Rachel Carson,  be taken into consideration?  How would both externalities (if there is a market) and internalities be avoided (ex ante) and/or dealt with (ex post)? In solidarity, Jerry _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope

_______________________________________________
ope mailing list
ope@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/ope
Received on Thu Apr 9 13:53:11 2009