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[OPE-L:3428] objectivity of value

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At 10:30 AM 6/2/2000 +0100, Paul C. wrote:

>What Taylor was quantifying was exactly Marx's simple average labour.

	My understanding has been that when Marx talks about "average" labour, he
means *qualitatively* average labour--- ie., labour which is a microcosm of
the different concrete labours (tailor's, miners, carpenter's, etc.) which
compose the total social labour contained in commodities. From this
perspective, Taylor was measuring necessary concrete labour (as a step
toward compressing it) rather than the qualitatively equal labour that is
visible only in the money-form. The question as to whether there is a high
correlation between these which permits significant empirical
investigations is separate from the theoretical question.

	comradely,
        mike


Michael A. Lebowitz
Economics Department
Simon Fraser University
Burnaby, B.C., Canada V5A 1S6
Office: Phone (604) 291-4669
        Fax   (604) 291-5944
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