Dave wrote:
> 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.
I wonder if mine is a 'physicalist theory of value'. On the one hand, I
agree with Dave that services are just as physical as goods. On the other
hand, as a 'physicalist', I'd say that everything in economic life and in
the universe as a whole is physical.
And I don't recognize my own views in Jurriaan's argument that the
"physicalist theory of value argues that value is lodged in physical goods
only". What I would say is that value is CREATED only in the process of
producing physical goods for market exchange. Value can then change its form
and be LODGED in, for example, money.
Traditionally, Marxists have argued that service sectors such as banking,
insurance, real estate, do not produce value (though of course they have a
physical existence). Why do we get so confused when it comes to other
service sectors?
Paula
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Received on Mon Sep 27 18:51:27 2010
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