Re: [OPE-L] Transferability of labour tokens.

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Fri May 18 2007 - 08:19:23 EDT

You are right with paper tokens, with electronic accounts it is a different matter

Paul Cockshott

-----Original Message-----
From: OPE-L on behalf of Alejandro Agafonow
Sent: Fri 5/18/2007 11:23 AM
Subject: [OPE-L] Transferability of labour tokens.
Dear Paul and Bhadari:

Cockshott on 05/18/2007: If money does not exist in the socialist economy - if there is no universal equivalent there will be no black markets. I see no practical way of eliminating the illegal drug trade in an economy with money and markets.
Bhandari on 05/18/2007: [.] the phastasmsic qualities of cocaine and gold (once the bedrock of the Colombian economy) make a mockery of the laws of supply and demand.

Not only is difficult to guarantee the in-transferability of labour tokens, but it would be an unnecessary constraint of personal freedom. That kind of transferability was part of the first Austrian criticism against Marxism corresponding to the Holland Minister Nicolaas Gerard Pierson. He was thinking in Karl Kautsky when declared:
"A person who, in his own estimation, has received too few certificates for any particular article will be able to obtain more of them in exchange for certificates for another article. The value problem is already obvious. A person who is willing to part with one thing for the sake of another values the later more than the former. The value problem is to set up a suitable tariff for such legitimate exchange." (pp. 74) N. G Pierson. "The Problem of Value in the Socialist Community", F. A. Hayek, ed., Collectivist Economic Planning, 1902, Clifton, Augustus M. Kelley Publishers, 1975, pp. 41-85.
Best regards,
Alejandro Agafonow

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