Re: [OPE] The Labour Theory of Value: a Marginal Analysis

From: Alejandro Agafonow <>
Date: Tue Sep 16 2008 - 02:35:33 EDT

Paul, the fact that an operator of a power station could take decisions on the basis of a stable patter of energy consumption doesn’t change anything. This only revels that the independent variable was stable during a specific period of time.   In this preference stability environment even a capitalist manager could take right decisions. But we have to identify correctly the chain of causalities, and here subjective preferences have an important role –if institutionally speaking the system allows freedom of choice.  A. Agafonow ----- Mensaje original ---- De: Paul Cockshott <> Para: Outline on Political Economy mailing list <> Enviado: lunes, 15 de septiembre, 2008 11:00:31 Asunto: Re: [OPE] The Labour Theory of Value: a Marginal Analysis Alejandro Agafonow wrote: > > I agree Jurriaan. There is nothing wrong with this distinction. > However, the key to understand deeper disagreements in Economic > Science is on the relationship between subjective use-value and > objective use-value, between the heating power of coal and the > sensation of heating experienced by one person. > Alexandro, you are concentrating perhaps too much on the final consumer here. Try telling the operator of a power station that the objective heating power of coal must first be filtered through subjectivity and he will think you are havering. A large portion of goods are destined for industry where rational objective rather than subjective calculations prevail. _______________________________________________ ope mailing list

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