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re 5213
While re-reading Vol 1, Ch 7, Section 2 in connection with another thread, I noticed the following that has significance for this thread:
(From the paragraph that begins: "Moreover, the time spent in production counts only in so far as it is socially necessary for the production of a use-value"): "Lastly -- and for this purpose our friend (the capitalist, JL) has a penal code of his own -- all wasteful consumption of raw material or instruments of labour is strictly forbidden, because what is wasted in this way represents a superfluous expenditure of quantities of objectified labour that does not count in the product or enter into its value." (Penguin ed, 303).
Jerry, Here Marx underlines that it is labor as a pure quantity, not general utility, which is meaningful to a producer. There is a practical meaning to the incommensurability of value and use value which I believe Steve is missing. The capitalist himself cares about labor, not general or special utility. As Wm J Blake long ago underlined, the capitalist abstracts everything on earth except quantity of labor. He does not even care about the type of labor, about anything in fact, except labor in the abstract as a quantity. If a customer asks him to make the food sweet or sour, he will make either. If you want your toys round or square, he'll declare that the customer is always right. You want a sweater red or blue, he'll oblige you either way. But you want to put more labor into it? Ah, that's different. The salesman will abstract all natural qualities; they are indifferent to him. But on labor, that too is indifferent to him as a quality. But quantity of labor, more or less labor, that is different. In so far as the above qualities cost more or less labor, in that proportion will he be "obliging" or "resistant" to the customer.
Best, Rakesh
- [OPE-L:5115] waste, value, and potential, Gerald_A_Levy Wed 07 Mar 2001, 14:55 GMT
- [OPE-L:5116] Re: waste, value, and potential, Michael Perelman Wed 07 Mar 2001, 17:45 GMT
- [OPE-L:5121] Re: Re: waste, value, and potential, Rakesh Narpat Bhandari Thu 08 Mar 2001, 19:26 GMT
- [OPE-L:5213] Re: waste, value, and potential, Gerald_A_Levy Tue 20 Mar 2001, 16:00 GMT
- [OPE-L:5214] Re: Re: waste, value, and potential, Rakesh Narpat Bhandari Tue 20 Mar 2001, 17:17 GMT
- [OPE-L:5216] Re: Re: Re: waste, value, and potential, Steve Keen Tue 20 Mar 2001, 20:17 GMT
- [OPE-L:5114] FW: Alta en lista GRUTTVAL, Alan Freeman Wed 07 Mar 2001, 10:30 GMT
- [OPE-L:5112] Sraffa Symposium Cancelled, Mongiovi Gary Tue 06 Mar 2001, 20:43 GMT
- [OPE-L:5111] Howard Engelskirchen, lynne engelskirchen Tue 06 Mar 2001, 04:05 GMT