Re: [OPE-L] The Ghost in Volume 3 of Marx's _Capital_

[Andrew Brown <A.Brown@xxxxxxxxxxxxxxxx>]

Hi Jerry,

The two aspects you quote are aspects of the same thing, they are not
mutually exclusive. Wage labour creates ('fully developed') value; value
is an historically specific perversion where pure abstract labour,
labour as such, has become a substance, congealed in, or as, the
commodity. 

Many thanks - am away from email for the week so can't contribute
further to this interesting discussion.

Andy 



-----Original Message-----
From: OPE-L [mailto:OPE-L@xxxxxxxxxxxxxxxx] On Behalf Of Jerry Levy
Sent: 28 October 2005 13:47
To: OPE-L@xxxxxxxxxxxxxxxx
Subject: Re: [OPE-L] The Ghost in Volume 3 of Marx's _Capital_

> This quote sums it up nicely. The substance of value is 'ghostly'
labour
> because it purely abstract, purely non-sensuous labour, hence
requiring
> money for its existence.

Hi Andy:

Hence the problem with the  Labour in the Trinity Formula  is that it is
"no
more than an abstraction and taken by itself does not exist at all"
rather
than labour with the specific "historically determined social form" and
"well defined character" of wage-labour?

In solidarity, Jerry

Vol 3, Ch. 48, last paragraph in the 1st section:
<http://www.marxists.org/archive/marx/works/1894-c3/ch48.htm>