>>I thought I was pretty mild. > >Referring to your interlocutor as desperate and inward turning is >clearly not mild,
I refereed to the theory that way, and not to any of its advocates. but I suspect that I shall be blamed for the >rancor >on the list as I was supposed to take the heat for Paul Phillips' >explosion. Far as I can tell everyone's being uncommonly civil. >>note that I raised the question whether and how any >>>theory >>>other than labor value makes sense of moral depreciation and the >>>paradoxes to which it gives rise. You give no reply. >> >>Haven't really thought about it. > >but this was my reply to your query. Well, I still haven't thought about it. Yes of course the input means >of >production >can be said to embody/represent indirect and direct labor time, you >concede, but why does this make them values, you seemed to ask. > >And my reply was that their character as values is revealed by the >threat that they will undergo moral depreciation, i.e., come to >represent less socially necessary abstract labor time, and the >compulsion the ruling class puts on the working class to consume them >before they are morally depreciated. Ah, I guess I have thought about it, not under that description. I don't see why the LTV has to be true to explain this. I have never denied, nor does the the most orthodox bourgeois economist, that if you can save labor costs by adopting a new production technique, that people who have sunk costs in onld labor intensive production techniques are going to have trouble making money. But we don't have to talk about value, least of do we have to say that value is a quantity measured by SNALT. >>Does Brenner agree that he does not use value theory? As far as I >can >see, he is in part saying that the full value of commodities could >not be realized due to international competition. But Marx's crisis >theory is able to explain the onset of crisis even when demand is >strong enough for commodities to be realized at their full value. > > Why don;y you ask him? But read him! If he does use it, it's well-hideen. This supports my view that value is a fifth wheel. jks _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com
