Re: [OPE] faux frais of production, services and productive and unproductive labor

> Jerry wrote:
>> Insurance was explicitly given as an example of faux frais by Marx:
>> see Capital, Volume 2, Ch. 6, Section 1.
>
> But it takes a "definite amount of coexisting labor" (Ian's expression) for
> insurance workers to do their jobs, write or manage the policies, answer
> customer calls, etc. Yet such labour does not produce value, at least
> according to Marx. Hence it cannot be the basis of value.

Hi Paula:

Well, yes: I explicitly made the point that labor expended on faux frais
of production is not productive (of surplus value) labor. But, you asked
me to explain why insurance was an example of faux frais and I think I did.

>> Unlike car insurance, one doesn't go to an opera because of legal reasons.
>
> The reasons are irrelevant, they pertain only to use-value (and as Jerry
> well knows many people buy car insurance beyond the legal requirement...)

I also dealt with that in my previous post.

In solidarity, Jerry
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Received on Wed Oct 6 22:05:09 2010