[OPE-L:4113] Re: Revaluation]

From: glevy@pratt.edu
Date: Mon Oct 16 2000 - 12:57:41 EDT

Michael P wrote in [OPE-L:4112]:

> Use value is specific, regardless of the context.  A horse and 
> buggy can still move you from point A to point B.  An old computer > can still do what it did before the newer models appeared.

If one compares the use-value of the old technology (now rendered obsolete) to the use-value of the new technology one does indeed see a decrease in use-value. I.e. its *relative use-value* (am I coining a new term?) has decreased. This decrease in relative use-value then leads to a decrease in exchange-value and value for the older, less efficient technology. 

In solidarity, Jerry

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