From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Tue Jun 12 2007 - 16:10:18 EDT
Hans ---- The concept of socially necessary labor-time is therefore specific to commodity societies. But if you think of abstract labor simply as the expenditure of human muscles, mind, etc., it is a "physiological truth" that every labor process everywhere is the expenditure of abstract labor. Paul C ------ I would prefer to express it slightly differently: it is only in commodity producing societies that socially necessary labour time takes the *form* of money or exchange value. The technology available to a society will always define how much labour is necessary to perform a task - we can not get away from that, but we can reckon it directly rather than in the form of money.
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