Re: [OPE-L] questions on the interpretation of labour values

From: Ian Wright (wrighti@ACM.ORG)
Date: Wed Feb 28 2007 - 12:42:49 EST

> Following Marx, if  exchange-value is a necessary form of appearance
> of value and if  money is a necessary form of appearance of
> exchange-value, then  the problem you are posing vanishes.  I.e.
> commodity price is an _expression_ of value.   This is quite
> different from the thermometer / temperature analogy: thermometers
> can measure heat but they are not expressions of heat.  Nor are
> thermometers necessary for the existence of heat, whereas the
> value of commoditities requires an  expression in price.

Hi Jerry

Are prices are necessary for the existence of labour values? (E.g, are
prices are part of the "real definition" of labour values?). In a
hypothetical planned economy without prices are there labour values?
Are prices the only way to measure labour values?

Best wishes,

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