Re: [OPE-L] 3 crucial points?

From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Tue Jan 30 2007 - 19:06:23 EST

> Wouldn't it be more
> precise to say that what is bought is the use of labor power for a
> specific period of time?

Hi Howard:

Yes, that's correct with the following addendum:  the  point Marx made
about "how this is not strictly true since the labour itself it not bought
or sold
directly sold"  relates to the distinction between labour and labour power
as a
commodity.  In any event, what's crucial is his insistence on how
the *commodity as a product of capital*  contains both *paid and unpaid
labour* and he clearly and explicitly relates this to *workers' wages*.  The
commodity as a product of capital is produced by wage-workers, according
to that formulation.

In solidarity, Jerry

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