[OPE-L:4827] Re: value: primary, secondary; latent, possessed? (was eigenvalues)

From: Paul Cockshott (paul@cockshott.com)
Date: Fri Feb 02 2001 - 04:42:37 EST

On Fri, 02 Feb 2001, you wrote:

> Now this conceputal innovation is helpful in understanding  Marx for 
> whom value is a kind of latent quality of commodities which manifests 
> itself as clearly present only upon  successful monetary ex-change or 
> "collapse" onto the money price "vector" (of course not everything 
> which has assumed the commodity form and sold for a price possess the 
> quality of value, but no commodity which has not sold for a price is 
> a--or possesses--value).

I would say that values are not a property of the commodity
but a property of the system of production that made them.

> It thus makes no sense to speak of the valorization of value as 
> parallel to the expansion of money which is simply the necessary (and 
> only) form of appearance of value (though value is necessarily 
> misrepresented by money price). 

I agree

>At any rate, value is necessarily 
> represented in money; and value expansion can only obtain in and 
> through money.

what is money in this context?

Paul Cockshott, University of Glasgow, Glasgow, Scotland
0141 330 3125  mobile:07946 476966

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