[OPE-L:1376] Where's the value?

Michael Perelman (michael@ecst.csuchico.edu)
Fri, 8 Mar 1996 09:03:18 -0800

[ show plain text ]

Alan asked yesterday, "where does the value go?" If value were a physical
entity, we might have a law of the conservation of value. I read value
as a social relation. If someone stops loving a person, a fixed quantum of
love does not have to transferred to another.

The only "quantitative" relations concerning value which Marx uses that have
any consequence concern the general trend for deal labor to substitute for
living labor.

Someone, Allin I think, said that we are really wrestling with the
fundamental nature of value. Is that so? How?

Michael Perelman
Economics Department
California State University
Chico, CA 95929

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