[OPE-L:4114] use-value and value

Gerald Lev (glevy@pratt.edu)
Thu, 30 Jan 1997 16:32:48 -0800 (PST)

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I found Alejandro R's comments on use-value in [OPE-L:4113] very
interesting indeed.

Alejandro: how would you evaluate the following passage from the section
on "Labor Process and Valorization Process: Use Value and Exchange Value"
in Volume 33 of the _Collected Works_?:

"Fixed capital -- hence this particular economic form -- is to a
large extent dependent on use value. The duration of the
depreciation of the machine, i.e. TO WHAT DEGREE it enters into the
price of a commodity during a given period of turnover, and how
long the component of capital represented by it circulates, depends
on the use value, i.e. on the greater or lesser durability of the
machine. The turnover time of the total capital therefore depends
on this: and CHANGES in the relation between the organic components
of the capital are also considerable affected by this. 4) The whole
distinction between the labor process and the valorization process
-- hence also the increase in the productivity of labour while
labour time remains the same -- the whole of the development of the
productive forces -- concerns use value, not exchange value. But it
changes and modifies the economic relations and exchange value
relations themselves." (p. 147, emphasis in original).

In solidarity, Jerry