[OPE-L:8677] Re: probabilistic approaches to the theory of value and philosophy

From: Andrew Brown (Andrew@lubs.leeds.ac.uk)
Date: Thu Mar 27 2003 - 06:48:19 EST

re opel 8676

Hi, again, Michael,

> Goods are exchanged only because they are useful and what one person
> lacks for a given usage can be obtained by exchanging something else
> useful for it. Thus it is "use" (_chreia_) which "holds everything
> together", not the manifold different concrete uses, but rather
> usefulness as general, abstract usefulness. Money provides a practical
> measure for this abstract usefulness which works in practice to
> mediate exchange practically.

This is the crux of your position, it seems. It is wrong because 
exchange abstracts from the quanity of use-value. In other words, 
the 'abstract usefulness' to which you must be referring (that left 
after abstraction in exchange) does not have the dimension of 
quantity. This is the problem with neo-classical economics too 
(neo-classical economics invents 'purely subjective' utility to try to 
help but the notion is idealist nonsense).


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