Re: [PEN-L] Yet another labor-power question

[paul phillips]

Gil Skillman wrote: value. Yeah, Jim, but that assumes some sort of incomplete contracting situation so that capitalists can't contract for specific labor services. But I take Walt's point to be: what if they can, as in the case where firms engage outside contractors to perform specific tasks, and pay them if and only if those specific tasks are performed? In that case, what would be the value of the services thus transacted? But here we are not talking about wage labour if you are purchasing a specific good/service from an independent commodity producer.  In this case, the surplus is produced by the producer but is appropriated by the contracting capitalists by unequal exchange. Paul P

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