[OPE-L:2487] Re: Was Lenin a nondualist, supporter of the single-system vision

Duncan K Foley (dkf2@columbia.edu)
Thu, 6 Jun 1996 11:27:29 -0700

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On Thu, 6 Jun 1996, Paul Cockshott wrote:
(among other things)

> >Duncan
> >The law of value in my opinion is the idea that the value added is an
> >expression of the living labor expended in a period.
> >
> Paul C:
> If this value that is added is not made manifest as a change in the price
> of the product relative to the raw materials then the whole marxian theory
> of profits is an absurdity. You can not have a theory of surplus value
> without a theory of relative prices.
> Paul Cockshott

Isn't the value added precisely the excess of the sales price over the
cost of raw materials?


> wpc@cs.strath.ac.uk
> http://www.cs.strath.ac.uk/CS/Biog/wpc/index.html