OPE-L
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

IMPORTANT: If you cite this message, OPE-L policy requires you not to reveal the identity of the author.

Re: (OPE-L) is value labour?

You may cite this message only if you do not disclose who wrote it. 

Quoting Christopher Arthur <cjarthur@xxxxxxxxxxxx>:

> I may not have time to intervene at length.
> One point for now. Any theory will have some statements that are true by
> definition or which are assumed without proof. But there must be a
> substantive claim which is to be tested.
> I had alawys assumed that the said claim in our case is "The magnitude of
> value is determined by socially necessary labour time." For this to be
> substantive it is obviously the case that value cannnot be defined as
> labour or identified by assumption because then it would reduce to a
> tautology. So my question to those who say "Value is Labour" is this: what
> IS the substantive claim?
> Chris

The claim is that prices are highly correlated with values, with
changes in values inducing a change in prices.


>
> 17 Bristol Road, Brighton, BN2 1AP, England
>
>
[ Other Periods  | Other mailing lists  | Search  ]