[Marxism] labor theory of value

["Rakesh Bhandari" <bhandari@xxxxxxxxxxxx>]

Haines,
Your argument is quite acute indeed. If I follow you, you are updating
Marx's language in his chapters 5 and 6 in Capital vol I where he shows
that the only persistent source of aggregate surplus value in the system
as a whole must be a discrepancy between the value of labor power and the
new value objectified in commodities as a result of the actual performance
of labor. You put the point better than me, and you also showed that Marx
was not trying to explain relative prices as much as the source and nature
of surplus value. Bravo.
What would you to say to the argument that in a system in which the result
of production are surplus goods not needed to recommence production again
at the same scale there is no reason to single out labor as the sole
source of that surplus of goods as it could be the emergent result of  of
the interaction of all the inputs to production?
Yours, Rakesh






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