[OPE-L:1791] Re: Definitions of value

chaion lee (conlee@chonnam.chonnam.ac.kr)
Sun, 14 Apr 1996 23:43:52 -0700

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Jerry notes,
"... absorbed into the product"? Huh?

If one includes the expression "socially necessary labor time" , it is
self-evident that a commodity is the product of labor. Note, therefore,
that in the previous definition that included "represented", the value of
a commodity was defined with reference to labor.

Chai-on replies,
You appear to say that the socially necessary labor time must be distinct from the labour actually expended for the production of a commodity. But I say that
the actually expended labour is measured in terms of social average labor. So, the technology to be referred is also of the socially average condition. The embodied labour is measured, (is assessed), in terms of socially necessary labor. Represented r>
labor in Rubin's terminology was the labor computed in reversed order from the magnitude of value (the same method in mathemetical way is seen in Krause, 1982).
Jerry's represented labour is seen to me to imply that it is measured in terms of outward standard.
Am I wrong?

In solidarity,