brendanmcooney·Dec 23, 2012
[Here’s a yo-yo. Let’s say it took an hour to make, parts and everything. And here’s a bag of high-fructose jelly beans. Let’s say they took 20 minutes to make. What if they both sold for $5, despite having different labor contents? Wouldn’t this be a big problem for Marx’s value theory?
When people get their panties in a bunch about price/value it’s over this issue of price and value not being the same all the time. Ack! Is this non-identity of value and price the end of Marx and the end of all radical politics?]
For full text, footnotes, suggested reading and PLENTY OF ROOM FOR COMMENTS AND DISCUSSION please visit my wordpress blog:
http://kapitalism101.wordpress.com/2012/12/23/law-of-value-10-price-and-value
see
Law of Value 1: Introduction by Brendan M. Cooney
Law of Value 2: The Fetishism of Commodities by Brendan M. Cooney
Law of Value 3: Das MudPie by Brendan M. Cooney
Law of Value 4: Use-Value, Exchange Value, Value by Brendan M Cooney
Law of Value 5: Contradiction by Brendan M. Cooney
Law of Value 6: Socially Necessary Labor Time by Brendan M. Cooney
Law of Value 7: Production and Exchange by Brendan M. Cooney
Law of Value 8: Subject/Object by Brendan M. Cooney
Law of Value 9: Abstract Labor by Brendan M. Cooney
Filed under: Dandelion Salad Posts News Politics and-or Videos 2, Dandelion Salad Videos, Economy, Labor, Politics, Socialism, The Economy Sucks and or Collapse 2 Tagged: | cooney-brendan m, Law of Value, Marxism on Dandelion Salad, Socialism on Dandelion Salad











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