RE: [OPE] labor tokens and efficiency

On Thu, 7 May 2009, GERALD LEVY wrote:

> > You just have to think it through.
> > Suppose enterprise A is producing MP3 players with a total
> > expenditure of of 8 hours of labour while enterprise B is
> > producing players of the same quality with a total expenditure of
> > 10 hours. You're the planner. How do you "price" these items in
> > labour-tokens?
>
> Hi Allin:
>
> This gives a lot of power and authority to the planners.
>
> > At the end of the day (after this sort of socialistic tatonnment
> > has worked itself out), it will be the A enterprises that get the
> > new investment resources, and the Bs (if they fail to improve, or
> > to offer a compelling justification for their above-minimal labour
> > input) that get closed down.
>
> At the end of the day, it will be decided by whom? The planners?
> State bureaucrats?

Well, I'm assuming (a) that the planners are implementing
priorities that have been set by democratic means, and (b) that
those priorities involve, inter alia, favoring high efficiency in
terms of use-value per unit labor input.

Obviously I'm in no position to legislate -- as opposed to
assuming or advocating -- anything.

Allin Cottrell
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Received on Thu May 7 19:50:23 2009