Shane Mage wrote: >> For Marx, capital is to be evaluated as a quantity of labor time. >> Simple and precise.
Doug: > Measured how? Hours? Hours of SNALT? Money? If money, which currency? > > Hardly simple or precise. and the value (SNALT) of a given piece of means of production changes over time, due to "moral depreciation." We can't use historical values. -- Jim Devine / "In an ugly and unhappy world the richest man can purchase nothing but ugliness and unhappiness." -- George Bernard Shaw _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
