Re: Marx and value--a potential critique.

[m-14970@xxxxxxxxxxxxxxxxxx (Hugh Rodwell)]

Bodhisatva writes:

>The fact is that the value of their labor cannot be known
>until after they have done it, and is therefore an independent event.

This is quite true.


>Consumers define value, that is also axiomatic.


This is quite false.

Consumers 'define' whether a commodity has use-value for them. Then they
check their money-bags to see if they can take the exchange-value hit
involved in getting hold of that use-value. No money to exchange, no
use-value to enjoy.

Marx tells us in three fat books called Capital (along with a lot of
preparatory stuff and other commentaries) just how it is that value is
defined by the labour embodied in commodities. He also traces the
operations of this law of value and the consequences it has had and is
having for society.

Read. Learn.



Cheers,

Hugh




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