[OPE-L:4612] Re: Four-cornered triangle

Michael Perelma (michael@ecst.csuchico.edu)
Sun, 30 Mar 1997 16:08:07 -0800 (PST)

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andrew kliman wrote:

> Hence, it is possible to measure the amount of abstract labor by the clock.
> It is not possible *directly* to say how much of that abstract labor counts as
> socially necessary in any particular case.

How is it possible. If every worker's hour counted as a single hour,
there would be no problem. The problem arises because some labor counts
as multiple of others. How do we calculate that multiple? Not by labor
market price (i.e., wages)?

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