[OPE-L:184] RE: the book on wage labor

Michael Perelman (michael@ecst.csuchico.edu)
Sun, 1 Oct 1995 12:30:52 -0700

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> Paul
> ----
> Do you mean is not measured or can not be measured. Some things
> are in principle impossible to measure, either because of
> their ontological status - the love of God -, or because they
> are conjugate observables like position and momentum. But there is
> no reason in principle why, with full knowledge of working
> conditions throughout the economy, abstract labour could not
> be measured. Clearly this does not happen now, but there
> seems no reason to rule out as impossible in all future
> societies.
How can you measure abstract labor. Is your work worth 5.164 times as
much as a supposedly unskilled worker? If we use wages as a way of
valuing abstract labor, we are resorting to prices to calculate values, which
some might want to use to calculate prices .....

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321 E-Mail michael@ecst.csuchico.edu