[OPE-L:5655] Re: Re: Re: Reduction

From: Rakesh Narpat Bhandari (rakeshb@Stanford.EDU)
Date: Wed May 23 2001 - 11:49:26 EDT

re: Steve's 5654

>The problem is simply put Rakesh:
>If you believe that commodities can be resolved into labour and 
>labour alone, then you believe in magic.

But Steve no one is saying that; of course there will remain some 
natural residue which is not objectified labor. Marx never said 
otherwise. In fact in both Capital 1 and the the Critique of the 
Gotha Programme he emphasized that wealth is the product of both 
labor and nature...as you surely know  But the value of commodities 
can indeed be resolved into their value or objectified labor alone. 
So even if we cannot isolate a moment at which pure labor operated 
without means of production, what are we saying other than than labor 
always operates with objectified labor? There is only one element in 
the causal process of value--objectified abstract labor.

Don't understand the objection.
Yours, Rakesh

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