[OPE-L:6386] Law of Value

From: gerald_a_levy (gerald_a_levy@msn.com)
Date: Sun Jan 20 2002 - 10:06:25 EST

Fred wrote in [6358]:

>  Marx's "law of value" is the assumption
> that the new-value component of the price of commodities is proportional
> to the quantity of current abstract labor require to produce these
> commodities.  

Do you view the above definition as consistent or inconsistent with that
given in the following?


Do others on the list agree or disagree with the two definitions offered?

In solidarity, Jerry

This archive was generated by hypermail 2b30 : Sat Feb 02 2002 - 00:00:06 EST