[OPE-L:4532] Re: Duncan's vintages

Michael Perelma (michael@ecst.csuchico.edu)
Tue, 25 Mar 1997 21:21:53 -0800 (PST)

[ show plain text ]

aramos@aramos.bo wrote:

> On the contrary, Marx says:
> Thus the value of a commodity is equally determined by
> the quantity of *materialised (past)* labour and by the
> quantity of *living (immediate)* labour required for its
> production. In other words: the quantities of labour are
> in no way affected by the *formal difference* of whether
> the labour is materialised or living, past or present
> (immediate).
> Theories, II, p. 399

But Marx contradicts this idea later in referring to the importance of
reproduction values.

Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 916-898-5321
E-Mail michael@ecst.csuchico.edu