From: Dave Zachariah (davez@kth.se)
Date: Fri Aug 01 2008 - 04:24:10 EDT
Philip Dunn wrote: > Money has two values. The reason for this is that produced commodities > and producer commodities are incommensurable in exchange. They have no > common measure. Absolute money measures the value of produced > commodities. Real money measures the value of producer commodities. > There are two disjoint spheres of equal exchange. In a money economy the > medium of money ensures that effectively everything exchanges with > everything else. Produced commodities exchange equally with produced > commodities. Producer commodities exchange equally with producer > commodities. But exchange between produced and producer commodities is > neither equal nor unequal because they have no common money measure. > > This incommensurability is what makes surplus value possible. > So profits arise, not from unequal, but incommensurable exchange. The problem with this theory is that it obscures the specific mechanism by which surplus labour is extracted under capitalism. //Dave Z _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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