[OPE-L:1877] Re: [Massimo] Re: Definitions of value

Paul Cockshott (wpc@clyder.gn.apc.org)
Mon, 22 Apr 1996 15:25:52 -0700

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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

I agree with you here. I did not state this explicitly since in my
original posting I spoke in terms of a fraction of societies labour
time. The process of taking the entire portion of the social labour
devoted to the production of one type of commodity, implicitly entails
the sort of averageing that you speak of above.