Re: (OPE-L) is value labour?

From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Sun May 11 2003 - 18:44:36 EDT

--On Sunday, May 11, 2003 2:23 PM -0700 Rakesh Bhandari
<rakeshb@STANFORD.EDU> wrote:

> ...Marx, like Ricardo, conceives of the
> quantity of labor as a composite element, the components being (see
> Riju Mishra The Development of David Ricardo's Theory of Value)
> (a)the quantity of immediate/direct labor and (b)the past/stored up,
> indirect labor (see Principles, chapter 4).

Yet Marx distinguishes himself from Ricardo by saying that Ricardo "only
distinguishes capital as 'accumulated labor' from 'immediate labor'. And it
is something purely physical, only an element in the labor-process, from
which the relation between labor and capital, wages and profits, could
never be developed." (Marx, TSV, Vol. 2, p. 400).


"Confronting 9-11, Ideologies of Race, and Eminent Economists", Vol. 20
RESEARCH IN POLITICAL ECONOMY,  Paul Zarembka, editor, Elsevier Science

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