[OPE-L:1146] Re: Re: Re: Unproductive labour income and Marxian social accounts

From: Ajit Sinha (ajitsinha@lbsnaa.ernet.in)
Date: Wed Sep 08 1999 - 14:47:40 EDT

Jurriaan Bendien wrote:

> >I do not see that the inclusion of services under Commodity undermines
> >anything but the long-discredited *embodied* labour theory of value. Once we
> >are in the realm of abstract labour accounting, the 'value theory of labour'
> >and a value-form view that value and money are two aspects of a single
> >system, we are indeed better able to apply Marx's fundamental critique to
> >late second millenium capitalism.


This is sheer nonsense! People who talk about "value theory of labor" etc. have
very little understanding of the value problematic. As far as "embodied labor
theory of value" is concerned, it only means direct and indirect labor time to
reproduce the commodity at the time of its valuation. And i don't see by what
logic you argue that inclusion of services in productive labor category undermines
the embodied labor theory of value? Cheers, ajit sinha


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