On 2010-09-26 10:03, Jurriaan Bendien wrote:
> The physicalist theory of value argues that value is lodged in physical
> goods only.
>
I'm not quite sure what you have taken as 'physicalist theory of value'
but the implication is mistaken. Servces are as just as physical as
goods. Society consists solely of physical processes proper and the
economic value of reproducible goods and services emerge from their
total labour requirements.
Paul's example of a loan contract and a quantity of grain could be
replaced by a loan contract and number of car repairs.
//Dave Z
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Received on Sun Sep 26 05:43:54 2010
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