Re: [Marxism] Marx on Management

[ertugrul ahmet tonak <eatonak@xxxxxxxxxxxxxxx>]

Jurriaan Bendien wrote:

> 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.

Your assumption is incorrect.  No contrast between use-value and
exchange value is involved in (b).  We are simply saying that there is
no production in finance, hence no production AND productive labor.

....

> 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?

They were classified as part of total surplus-value.


---
I was recently asked whether universities should teach
values.  My response was that universities, whether
implicitly or otherwise, always, always teach values.
They teach values in the way they hire and treat employees.

Ruth Simmons
President, Brown University

------------------------------------------
E. Ahmet Tonak
Simon’s Rock College of Bard
Great Barrington, MA 01230

Phone:  413-528 7488
Fax:    413-528 7365
Cell:   413-329 7856

Homepage: www.simons-rock.edu/~eatonak



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