[OPE-L:4566] Re: Duncan's vintages

Michael Perelma (michael@ecst.csuchico.edu)
Thu, 27 Mar 1997 07:44:36 -0800 (PST)

[ show plain text ]

aramos@aramos.bo wrote:
Marx says:
> The exceptionally productive labour acts as intesified labor;
> it creates in equal periods of time greater values that the
> average social labour of the same kind... (Capital I, p. 435,
> Penguin)

I read this not to mean that it creates more value but that it ACTS AS
IF it creates more value. That is, the product of that labor earns an
extra reward, an excess of surplus value.

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