[OPE-L:6874] Re: Re: value-form

From: nicola taylor (n.taylor@student.murdoch.edu.au)
Date: Wed Apr 03 2002 - 10:11:57 EST

Hello Andy [OPE-L:6867] and Jerry [OPE-L:6868], sorry in advance for brevity.

Andy asks:

>If value *is* money, then what 
>is the value-*form*? 

1. 'Value-form' is an abstract universal concept for the 'mode of
association' posited by capitalism.  Value-form is that which enables the
existence of production based on the 'dissociation' of production and
consumption and the 'dissociation' of labour and means of production.  A
wage contract (for example) is a concrete determination of the value-form. 

2. 'Value' is an abstract universal concept for social 'forms' specific to
capitalism.  Commodities are values (in commodity form).  Money is value
(in money form).  Ultimately, though, value is capital because success
(valorisation) in a capitalist (monetary) economy is measured only by way
of a comparison of capital with itself at different points in time.  


And what is good, Phaedrus,
And what is not good -
Need we ask anyone to tell us these things?

Nicola Taylor
Faculty of Economics
Murdoch University
South Street
W.A. 6150

Tel. 61 8 9385 1130 
email: n.taylor@stu.murdoch.edu.au

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