Paul Cockshott wrote: > An attraction of the labour theory of value to socialists from Owen onwards is that it provides an alternative way to perform economic calculation without recourse to money, that 'power to command others'. < (OPE-5589) Closely related to this attraction is exposure of capital's inhuman distortions. For example, under the profit motive capital perpetuates stupefying labor that a machine is ready to perform. The reason is that capital decides whether to make the replacement by comparing the full cost of the machine to the discounted cost of workers. This way of stating the matter is loose; details of the calculation, considering such complications as prices of production, are in my book From Capitalism to Equality. As fas as I can see, this insight can be established only with a labor theory of value having a quantitative aspect. Charles Andrews Web site for my book is at http://www.LaborRepublic.org
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