[OPE-L:2289] Re: Commodity Money

Paul Cockshott (wpc@cs.strath.ac.uk)
Sun, 19 May 1996 13:58:43 -0700

[ show plain text ]


>4. We (R&W) have argued for a characterisation of the commodity which includes
>the following:
>	i) It is produced by the expenditure of (abstract, socially necessary)
>labour under capitalist relations of production. Such labour is incommensurable
>except in as much as it is in fact commensurated by entry of the commodities it
>produces into generalised capitalist commodity exchange, mediated by money.)
Paul C:
Why do you say that it is in principle incommensurable as opposed to simply
saying that it is not, in practice, directly  measured in a capitalist 
Paul Cockshott (wpc@cs.strath.ac.uk)