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

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Thu Nov 08 2007 - 16:56:21 EST

Yes but what has this got to do with the 'subject'
the use of this term is an incursion of speculative philosophy into the domain of political economy.

Insofar as political economy needs to study the subject it has to study the subject as a juridical
category thrown up by commodity production. 
The subject is the necessary jurical form for the self reproducing unit of commodity production, whether that
unit be an estate, a firm, a peasant household or an individual seller of labour power.

Bourgeois economics failing to see the historically produced nature of the subject makes it
a constitutive category. The outlook of bourgeois economics is irremediably tied to the social
relations of bourgeois society and it can not imagine human beings except in their form as 'subjects'.

Paul Cockshott

-----Original Message-----
From: OPE-L on behalf of GERALD LEVY
Sent: Thu 11/8/2007 12:44 PM
Subject: Re: [OPE-L] Lawrence Krader on objective and subjective value
>Yes all of these maybe true, but these are the purview of cognitive
>psychology not of political economy.

Hi Paul:

Insofar as there are  temporal and spatial causes  for the periodic and
systematic variation between value and market price, this is related to
demand and that topic is within the purview of political economy.

Insifar as expectations can affect prices, this is a matter of  *social*
psychology and that also is within the purview of political economy
*more concretely considered* and connected to changes that occur
over the course of the trade cycle.

In solidarity, Jerry

>There are a # of problems with this conception, including:
>-- what a good "normally" sells for changes over the course of the trade
>-- what a good "normally" sells for is related to the form of
>competition in a market,
>     e.g. is there product differentiation, monopoly power, etc?
>-- what is considered "normal" depends, in part,  on (subjective)
>-- standards of what is considered to be "normal" vary spatially (and,
>as >noted above, temporally).

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