Paul Cockshott wrote: > I agree with quite a lot of what you are saying Jim
great, so I won't respond to all of what you say. > I agree that for fiat money state power is what allows it to operate as a > social form. My original question was, given that it is the power of the > crown upon which the Krona is based, what determines its value -- is it the > quantity of labour that the King commands or the quantity of labour power he > purchases. Ie, if the Crown spends Krona 1 million employing teachers etc, is > the value of the Krona the number of hours the teachers etc work for this 1 > million Krona, or is it the number of hours embodied in the wage goods the > teachers consume?...< as I understand Marx, the labor that the King commands produces no value unless it produces commodities for sale. Public-school teachers don't produce value. (That's not a bad thing, by the way: among other things, teachers are "indirectly productive," in Jim O'Connor's phrase, in a lot of ways. That is, their work helps others produce value and surplus-value.) The value of their wages would be the value of their labor-power, but that's different from the value they produce. In the US National Income and Product Accounts, the problem of public-school teachers not producing commodities is "dealt with" by saying that their product = their wages. That's a bit doubtful. -- Jim Devine / If you're going to support the lesser of two evils, you should at least know the nature of that evil. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
