[OPE-L:4970] Re: value-form question

Chai-on Lee (conlee@chonnam.chonnam.ac.kr)
Sun, 11 May 1997 20:23:33 -0700 (PDT)

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because no value-form analysts have replied to Jerry's following enquiry,

>while value is "created" in production by [socially-necessary] labor, the
>magnitude of value can be *diminished* in the sphere of circulation prior
>to final exchange, but that
>value can't be *increased* in the aggregate by the *act* of exchange,
>what then is the difference between the above and the value-form
>In solidarity, Jerry

Chai-on, though he is an opponent to the value-form analysis, writes on
behalf of them

In value form analysis, the mag. of value can be increased by the act of
exchange. This is a big difference from the Jerry's IMO.