[OPE-L:5276] Re: Metal money

Paul Cockshott (wpc@cs.strath.ac.uk)
Tue, 17 Jun 1997 02:13:09 -0700 (PDT)

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> Michael W
> 2. There is no actual quantity of labour time that can act as a measure
> value, since it is Abstract Labour that is the measure of Value, and the
> only real existence of Abstract Labour as Value is in Money Price (this
> the 'necessary form of expression' of value, is,the kind of language Marx
> uses).

What of the total anual labour expended by society - all individual
values can be expressed as fractions of this.