[OPE-L] Lawrence Krader on objective and subjective value

From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Wed Nov 07 2007 - 13:05:27 EST

In the attempt to achieve a better theoretization of value in a totality, I think Lawrence Krader's ideas are helpful:

"Whenever Marx writes of [economic] value, he means objective social value. The Austrian economists hold to a purely subjective theory of [economic] value. Neither of these views is wrong; each has a valid part of the whole. Human relations are both subjective and objective; natural relations are thingly. To take the subject away from the object or the object from the subject is to make of the human being an angel or a beast. For Krader, value is the expression of an estimation, of choice, of an evaluation in which both a subjective and objective process are operative. (...) Krader emphasizes... that the human order is both objective and subjective; both are equally constitutive of the human being. The exclusion of the latter is a reification, just as the exclusion of the former is a mysticization of human being."

Rod Hay & Cyril Levitt, "New Developments in the Labour Theory of Value", in: Dittmar Schorkowitz, Ethnohistorische Wege und Lehrjare eines Philosophen. Frankfurt: Peter Lang, 1995, pp.89-90.


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