[OPE-L:1025] Re: Definitions and Tautologies

Paul Cockshott (wpc@clyder.gn.apc.org)
Fri, 9 Feb 1996 11:53:35 -0800

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Alan advances:

Axiom 1

associated with each quantity of use-value is a unique
agnitude, its value; the dimension of this magnitude is
time and it is a linear function of use-value.

It is a linear function such that value =0 when the
quantity of use value =0 , which is a tighter restriction.

Alan writing of the 'pure sequentialist' model:

I once held it. If you think this, then you have to think
that by some means the inputs directly transmit their value to the
outputs, without the market getting in the way. That is, you
have to abstract from the C-M-C part of the circuit, as if the
capitalist obtained their inputs directly without the intermediary
of money.

My objection is that one should not be defining values
as in any way dependent upon prices or upon circulation.
Values are logically prior to prices if we allow price
into our definition of value, we no longer have a
labour theory of value, just a price theory of price.