On Wed, 15 May 1996, Paul Cockshott wrote:
> >(among other things)
> >
> Paul C
> ------
> Whilst there may be some finer points of emphasis on which Rubin differs
> from other commentators on Marx, I had understood him to put forward
> a fairly straightforward labour theory of value:
>
> 'The value of commodities is directly proportional to the quantity of
> labour necessary for their production.'
>
> 'The exchange of two different commodities according to their values
> corresponds to the state of equilibrium among two given branches
> of production'
> (Essays on Marx's Theory of Value, p65)
>
> I would class this as a fairly orthodox account of Marx's value
> theory.
Rubin, though, also puts great emphasis on the idea that money represents
abstract labor time, which is the side of it that I was referring to.
Duncan