Re: Bourgeois Reliance on the Labor Theory of Value

[kls@xxxxxxxxxxxxxxxxxxxxxx (Hinrich Kuhls)]

At 16:52 12.05.1996 EDT,  boddhisatva <kbevans@xxxxxxxxx> wrote:

>       Saying that capitalists get overpaid for their role in the economy
>because they own the goods and the capital is entirely what I am saying.
>"Surplus-value" is not necessary to come up with this conclusion.  Marx ALSO
>says this.  However, when he mystifies labor as a perpetual reality, and his
>students start with that concept and spin out into the stratoshpere, a
>mistake has been made.
>
>       Here is the reason that the mistake is made : "If (a good) is sold
>under its cost-price, the expended constituent elements of productive
>capital cannot be fully replaced out of the selling price. If this process
>continues, the value of the advanced capital disappears."

Karl:

The wealth of those societies in which the capitalist mode of production
prevails, presents itself as "an immense accumulation of commodities," its
unit being a single commodity. Our investigation must therefore begin with
the analysis of a commodity.

from: http://csf.Colorado.EDU/psn/marx/Archive/1867-C1/Part1/ch01.htm





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