[OPE-L:4990] Re: production and realization

Chai-on Lee (conlee@chonnam.chonnam.ac.kr)
Tue, 13 May 1997 07:33:59 -0700 (PDT)

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At 03:22 97-05-13 -0700, Ajit wrote in regard to Fred,

>How is surplus labor determined whose monetary expression is 'surplus
>value'? In my opinion, the unit of surplus value is labor-time and not gold
>or silver. What kind of textual evidence do you have for your claim?

Chai-on: If the value of gold and silver is not different from the price of
the gold and silver, I think we can measure the amount of surplus labor
with the gold and silver. Unifying the account units.

>How is the value determined in your framework, and what is its unit?

Chai-on: Even if it is determined by labor time, we can measure in monetary
units because the labor time is not actually measurable. The real unit of
temperature, the collision movement units of moleculars is hard to grasp,
so we use the height of mercury to meausre the temperature. The only
problem in Fred is that he did not seem to take money as a commodity and as
a product of labor. If it is not the product of labor, the surplus value
cannot be measured with monetary units.

I intervened in others' discussion to clarify the points.