[OPE-L:1866] Re: [Massimo] Re: Definitions of value

Chai-on Lee (conlee@chonnam.chonnam.ac.kr)
Mon, 22 Apr 1996 08:45:39 -0700

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Chai-on would like to answer on behalf of Paul to the question below:=20

Massimo: Define your labour please.=20

Paul C: Clock time multiplied by people.

Massimo: Which gives us hours times people. I don't see any labour =

Paul C: I meant of course people engaged in work.

Massimo: Sorry Paul, but it does not follow necessarily from your =
definiiton. You define value of a product as " the portion of society's =
labour needed to reproduce it" You define labour as "Clock time =
multiplied by people"

Clock time needed on the social average for the production of the =
commodity multiplied by the socially average labour unit of an hour of =
people's working time. =20

With regards,=20