Re: measurement of abstract labor

From: Rakesh Bhandari (rakeshb@STANFORD.EDU)
Date: Wed Jun 23 2004 - 11:52:30 EDT

At 10:12 PM -0400 6/21/04, Allin Cottrell wrote:
>On Mon, 21 Jun 2004, Rakesh Bhandari wrote:
>>If one could measure socially necessary average labor time directly,
>>then the program of labor certificates would not be utopian: money
>>would not be the necessary form of appearance of value.
>This implies (I think) a misunderstanding of Marx's critique of 'labor
>certificates' that is unfortunately all too common among Marxists.
>Marx took it for granted that one could measure socially necessary
>labour time in a socialist (planned) economy,

Yes but the argument is about why he thought it could only be
measured via money in a commodity producing society.

>  and he corresponding
>advocated the use of such certificates in the Critique of the Gotha
>What he attacked was the notion that one could achieve economic
>justice under capitalism by enforcing exchange "at value";

Well yes but he was also concerned with the utopian attempt to
abolish money while allowing commodity producing relations to remain

>  and further
>he held that such a policy would in fact block the typical mechanism
>for the allocation and reallocation of resources between productive
>activities under capitalism, which proceeds precisely via the
>divergence of price and value.

But for you this does not mean that value is undetermined before
exchange. But Ian already asked: how do we the average level of
technique before we know the level of effective demand.


>Allin Cottrell

This archive was generated by hypermail 2.1.5 : Thu Jun 24 2004 - 00:00:01 EDT