Re: value theory

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxxx>]

Elson's work -- and similar works that appear in CAPITAL AND CLASS and
other places --  fits exactly in the school that I've termed the
sociological interpretation of value (SIV): values as revealing
"the network of social relationships through which the private
labor of individuals becomes 'universal social labor'" (Hugo).
Though I haven't been emphasizing "in the form of money, functioning
as capital" that's part of what I've called "the social factory"
perspective of vol. I of CAPITAL.

in pen-l solidarity,

Jim Devine   BITNET: jndf@lmuacad    INTERNET: jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (off); 310/202-6546 (hm); FAX: 310/338-1950
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