In message Wed, 20 Sep 1995 15:25:53 -0700,
wpc@clyder.gn.apc.org (Paul Cockshott) writes:
> John
> Paul
> ----
> I doubt this. It seems more to be a matter of logical level.
> One can not, within a theory of value, explain exploitation
> without assuming that labour power has a value. Hence at this
> stage in the explanation it must be assumed to pre-exist.
> It may be admited to have a historical and moral element
> which is currently unexplained. Examination of accumulation
> then provides the historical circumstances in which morality
> has its play.
This was what I was trying to say about the value of labour-power as a
premise for talking about accumulation, but Paul said it much better. I
still think there are unanswered questions about Ch 25 but am sure we will
get to them at the appropriate point.
in solidarity,
mike
---------------------------
Michael A. Lebowitz
Economics Department, Simon Fraser University
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