[OPE-L:7311] [OPE-L:840] Re: Re: Re: Re: Horsepower

Wed, 07 Apr 1999 12:22:42 +0100

At 01:52 PM 07-04-99 IST, you wrote:

We need to think, what does one gain
>by defining a commodity as so much of labor time?
>Cheers, ajit sinha

One exposes the social allocation of labour that lies
behind the price of the commodity on the market.
This value in terms of labour time is what is
invariant between socialist and capitalist modes
of production, its representation as monetary price
is the historical variant.
Paul Cockshott