[Marxism] Marx on Management

["Jurriaan Bendien" <andromeda246@xxxxxxxxx>]

Well Ahmet, I was mistaken and happily I stand corrected! But as regards
your criteria for productive labor....

a) it is a wage labor which is first exchanged against capital (i.e.
capitalistically employed); b) it is labor which creates or transforms use
values (i.e. it is production labor).

....presumably use-values contrasts here with exchange-values, and the
argument is that bankworkers do not produce use-values, but exchange-values.
But how valid is that, i.e. what is the argument behind that?

You write:

And, obviously we did not include those workers who work in banking
sector (which is actually a sub-sector of the sector of finance in the
US NIPA) in our estimation of variable capital ("wages of productive
laborers).  (Shaikh and Tonak. 1994: Appendix G).

Does this mean that the wages of banking workers are excluded from your
valuation of
the Marxian gross product, or are they included anyway, as surplus-value?

Regards

Jurriaan







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