At 02:13 17/06/97 -0700, Paul C. wrote:
>
> In response to:
>> Michael W
>> 2. There is no actual quantity of labour time that can act as a measure
>of
>> value, since it is Abstract Labour that is the measure of Value, and the
>> only real existence of Abstract Labour as Value is in Money Price (this
>is
>> the 'necessary form of expression' of value, is,the kind of language Marx
>> uses).
>
>What of the total annual labour expended by society - all individual
>values can be expressed as fractions of this.
>
Michael W:
Hello Paul.
A couple of queries:
1. The 'total annual labour expended by society' is a vector of many diverse
specific concrete labours, is it not?
2. *If* one is seeking a theory of relative prices, then the question is
*what* fraction of 'total annual labour expended by society' measures a
particular relative/individual value? Is it not?
Comradely greetings,
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