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[OPE-L:5656] Re: Re: Re: Re: Reduction

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On Wed, 23 May 2001, Rakesh Narpat Bhandari wrote:

> >If you believe that commodities can be resolved into labour and
> >labour alone, then you believe in magic.
>
> But Steve no one is saying that; of course there will remain some
> natural residue which is not objectified labor. Marx never said
> otherwise. In fact in both Capital 1 and the the Critique of the
> Gotha Programme he emphasized that wealth is the product of both
> labor and nature...as you surely know

Agreed.  The non-labour residue is composed of the materials supplied
gratis by nature, which are crucial to a commodity's use-value but
have no bearing on its value.

Allin.
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