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Allin and Michael,
The question is not only whether value predates capitalism but whether it
will remain that immaterial, albeit essential property (value) of
metaphysically ill formed material things after capitalism.
Of course Marx's theory of fetishism is a demonstration that commodities
really are not values or even have value but that value is a
representation of a social relation by way of a fetishistic, metaphysically
nonsensical attribution of an immaterial property or essence to things.
So Marx's answer to question of post capitalist value is an emphatic no.
So here I agree with Michael W against Allin while on this question of
whether "precapitalist" commodities produced for exchange were values, I
agree with Allin against Michael and Paul Z, though the function of
commodity value changes when the commodity becomes the general product of
social labor (here I agree with Postone).
Value has emergent properties. I sense there is no room for ontological
novelty in Allin's metaphysics...
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