Re: [OPE-L] Reclaiming Marx's "Capital": book launch talks, reviews, media coverage

From: Philip Dunn (hyl0morph@YAHOO.CO.UK)
Date: Thu Aug 30 2007 - 03:50:08 EDT

On Wed, 2007-08-29 at 18:22 -0300, cmgermer@UFPR.BR wrote:

> "Human labour-power in motion, or human labour, **creates value, but is
> not itself value.**
> It becomes value only in its congealed state, when embodied in the form of
> some object. In order to express the value of the linen as a congelation
> of human labour, that value must be expressed as having objective
> existence, as being a something materially different from the linen
> itself, and yet a something common to the linen and all other
> commodities."
> (Capital I, ch. 1, 2a)

Marx is saying that the embodied labour and the value of a produced
commodity are identical. I agree. I also agree that "human labour-power
in motion, or human labour, creates value, but is not itself [embodied
labour] value". I say that this activity, labour-power in motion or
labour activity and value creating activity are identical. Similarly,
the value of money and its intrinsic power of command over labour are

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