Re: Re: Re: Capital is wrong

[phillp2]

I have always liked Polanyi's designation of labour (land and 
money) as "fictitious commodities" because they are treated as if 
they were commodities (bought and sold on the market) but which 
are not produced for the purpose of selling on the market.

Mathew Forstater wrote:



> 1) is labor power a commodity?
> 
> I think so.  Bought and sold in a market.
> 
> 2) is labor power produced?
> 
> that's a tougher one. it is reproduced for sure.  but maybe even produced.
> 
> Why do you say "not totally produced for sale" and not "_totally_ a
> commodity"?? I can guess at what you might be getting at but better to just
> let you explain.

Paul Phillips,
Economics,
University of Manitoba