Re: Bourgeois Reliance on the Labor Theory of Value

[boddhisatva <kbevans@xxxxxxxxx>]

                Comrade Lin (Wei?)




        All value is created by labor (except wild blueberries).  All labor
does not create value, therefore there is no way to calculate the value which
any given labor creates.  The only way to determine it is by comparing worked
and unworked goods (or less and more completely worked goods - cars with or
without options, e.g.) in the market.



        Labor is not quantifiable as an input, but is quantifiable as a
negative result of economic action.  Hours worked/wages or hours worked/total
value of goods are interesting measures of quality of life and technological
advancement.  The fact that one can calculate such things does not mean
anything about some objective linkage between value and labor.


        
        Naturally capitalists calculate how to get profit from any given
industry.  They guess the value of the goods, subtract capital and other
costs, and pay workers less than what is left.  However, the calculation has
to begin with the price a capitalist expects to get for his goods.





        peace





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