[OPE-L:95] Re: More Paradox of Book I, Ch 25 (more digression)

Michael A. Lebowitz (mlebowit@sfu.ca)
Thu, 21 Sep 1995 10:21:59 -0700

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In message Wed, 20 Sep 1995 15:25:53 -0700,
wpc@clyder.gn.apc.org (Paul Cockshott) writes:

> John

> Paul
> ----
> I doubt this. It seems more to be a matter of logical level.
> One can not, within a theory of value, explain exploitation
> without assuming that labour power has a value. Hence at this
> stage in the explanation it must be assumed to pre-exist.
> It may be admited to have a historical and moral element
> which is currently unexplained. Examination of accumulation
> then provides the historical circumstances in which morality
> has its play.

This was what I was trying to say about the value of labour-power as a
premise for talking about accumulation, but Paul said it much better. I
still think there are unanswered questions about Ch 25 but am sure we will
get to them at the appropriate point.
in solidarity,
Michael A. Lebowitz
Economics Department, Simon Fraser University
Burnaby, B.C., Canada V5A 1S6
Office: (604) 291-4669; Office fax: (604) 291-5944
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