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I too would like to know about the 'detour'. (is this term supposed to be in Marx?) I suspect this is an inadequate way of expressing the concept of 'mediation'.
The commodity cannot express its value immediately, ie in its own 'body', so it expresses value through the mediation of another commodity-body it sets up as expressing its essence as value.
Note however the dialectical reversal: when all commodities have chosen a money commodity as the unique bearer of their essence as values it becomes posited as value-for-itself independent of any particular value _expression_. So a new commodity now expresses itself as a value only by comparing itself with money and saying I share that essence.
It is very important indeed to separate this discussion from commodity owners. Uno goes hopelessly astray when he conflates the 'active' role of the C in relative form with the activity of a commodity owner proposing an exchange. He therewith, says Uno, 'assumes the position of the relative'. But he does not; he is trying to treat his own commodity as means of purchase, ie he 'assumes the position' of the equivalent, assuring the other owner that he is offering the value equivalent.
But again note the reversal with money. Then the agent can offer his C for sale, claiming it is worth that price, knowing that possession of the universal equivalent will allow him to get everything he wants.
My papers on this are
'Money and the Form of Value' in The Constitution of Capital (pp. 35-62) eds R. Bellofiore and N. Taylor, Palgrave, Basingstoke, 2004
and (against Uno) 'Money and exchange' in Capital & Class 90 Autumn 2006 (7-35)
Chris A
17 Bristol Road
Brighton
BN2 1AP
On 26 Apr 2007, at 14:03, Pen-L Fred Moseley wrote:
Hi Michael, welcome to OPEL. Thanks for your posts on Kuruma. Twocomments below.Quoting Michael Schauerte <yk3mk3@xxxxxxxxxxxxxx>:
It is interesting, by the way, that most of the translations of thepart of Sec. 3 in Capital where Marx discusses the detour, cannothelp inserting the commodity owner. Granted, everyone knows that thecommodity owners create this value equation based on their owndesires, but for Kuruma once this equation has been set up we need toset aside the owners and examine the mechanism of value _expression_.For Uno, Marx was wrong to abstract that far. I think that if thecommodity owner is not abstracted from, at the very least, theimpression is created that there is no substance of value precedingthe equation, and that value (really "price") emerges from the act ofexchange itself.1. It is not clear to me why Kuruma calls Marx's derivation of moneyin Section 3 of Chapter 1 a "detour". This is a straightforwardlogical deduction from the basic labor theory of value alreadydeveloped in Sections 1 and 2. In order for each commodity to beexchanged as equivalents with all other commodities, the SNLT containedin each commodity (the "magnitude of value") must be observable in someobjective and comparable form. But quantities of SNLT are not directlyobservable as such. Therefore, the SNLT contained in each commoditymust be represented indirectly in terms of the quantity of the moneycommodity that contains the same quantity of SNLT.If what Kuruma means by "detour" is the indirect _expression_ of SNLT asmoney, then perhaps we have no disagreement. But "detour" is amisleading term. The deduction of the necessity of money is in no waya logical "detour". Once money is derived in Part 1, it becomes thebasis for Marx's theory of capital beginning in Part 2 - "thetransformation of money into capital". The transformation of moneyinto capital is not possible unless money has been previously derived.So what does Kuruma mean by "detour"?2. Commodity owners do not create the value equations in Marx'stheory. Marx's logic in Chapter 1 - and throughout Capital - is basedon the *objective* characteristics of capitalism, not the subjectiveevaluations of commodity owners (as in neoclassical economics). Themain objective property of capitalism that Marx begins with in Chapter1 is that products in capitalism are commodities (goods produced forexchange), and that the general system of commodity exchange is regularand mutually consistent - i.e. the system satisfies the property oftransitivity. From this objective property of transivity, it followsby the laws of mathematical logic that the relations among commoditiesmust be one of equality.Continuing with this objective logic, the quantitative exchange-valuesof commodities is determined by the objective property of SNLT, not bythe subjective evaluations of commodity owners.So Marx does not somehow begin with the subjective evaluations ofcommodity owners, and then puts these aside in order to derive money,but rather begins with the objective properties of commodities, andfrom these derives SNLT and money.Comradely,Fred----------------------------------------------------------------This message was sent using IMP, the Internet Messaging Program.
- Re: [OPE-L] Michael Schauerte, (continued)
- Re: [OPE-L] Michael Schauerte, Pen-L Fred Moseley Sat 28 Apr 2007, 15:11 GMT
- Re: [OPE-L] Michael Schauerte, Rakesh Bhandari Sat 28 Apr 2007, 16:30 GMT
- [OPE-L] "detour", Pen-L Fred Moseley Sun 29 Apr 2007, 13:49 GMT
- Re: [OPE-L] Michael Schauerte, Christopher Arthur Fri 27 Apr 2007, 05:43 GMT
- Re: [OPE-L] Michael Schauerte, Rakesh Bhandari Fri 27 Apr 2007, 16:00 GMT
- Re: [OPE-L] Michael Schauerte, Christopher Arthur Fri 27 Apr 2007, 05:43 GMT
- [OPE-L] Sraffa and the question of gravitation, ajit sinha Fri 27 Apr 2007, 10:27 GMT
- Re: [OPE-L] Sraffa and the question of gravitation, Paul Cockshott Fri 27 Apr 2007, 22:06 GMT
- Re: [OPE-L] Sraffa and the question of gravitation, ajit sinha Sun 29 Apr 2007, 20:45 GMT