Re: Money, mind and the ontological status of value

From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Sat Jun 19 2004 - 08:16:55 EDT


'Production of absolute surplus value' is a theoretical concept.  The real object is the length of the working day.  So we could go through the concepts of Marxism, mode of production, production of relative surplus value, ...

I can understand the "law of value" as a theoretical object.  But what is real object to which it is associated?  Are not Costas' comments offering a non-circular answer to this question, whether or not to agree with his particulars?  On the other hand, if I understand you correctly, you want to collapse the theoretical object and the real object onto the same phrase.

Paul Z.

Vol.21-Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's Legacy
RESEARCH IN POLITICAL ECONOMY, Zarembka/Soederberg, eds, Elsevier Science

Ian Wright <iwright@GMAIL.COM> said, on 06/17/04:

>Hi Paul, Howard

>> In your reply, value is both a real object and a theoretical object.
>> You are having your cake and eating it, too.

>Maybe things would be clearer if the term "value" was replaced by "law of
>value", because the latter term reminds us that it is a social process we
>are talking about, and avoids reification.

>The "law of value" is both a theory and a real process. Just like the "law
>of gravity" is a description of a real mechanism that exists independently
>of our knowledge of it.

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