On Sat, 26 Feb 1994 11:17:06 +1000 Steve Keen said:
(concerning the quote from Marx about M-M')
>Re whether the analysis fits within the structure of volume
>I of capital. I would argue that it can, as I detailed beforehand,
>but that there's no way Marx (or I) argued that it is a source of
>surplus-value. The quote, however, is one of (many) illustrations
>that I can give of Marx drawing a quantitative distinction between
>use-value and exchange-value when the use-value of a given commodity
>(labor-power, capital or money) is a quantitative rather than
>qualitative thing. (edited for readability)
This fits with my reading: M-M' is referring to societal (class)
exploitation. But how can use-value be quantitative?? that doesn't
fit with his discussion in vol. I, chapter 1.
in pen-l solidarity,
Jim Devine BITNET: jndf@lmuacad INTERNET: [EMAIL PROTECTED]
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (off); 310/202-6546 (hm); FAX: 310/338-1950
