Law of Value 9: Abstract Labor by Brendan M. Cooney

Dandelion Salad

http://kapitalism101.wordpress.com/

Image by Dandelion Salad via Flickr

Aug 23, 2012 by brendanmcooney

[…] What kind of social power does money have? It seems to have any social power we might want it to have. In a society in which social life is coordinated by market exchange money has the ability to buy any aspect of this social life, to compel any action, to coordinate any complex activity. The more money we have, the greater our ability to command this social power. This is a non-specific power: It is not tied to any particular activity, commodity or person. It is social power in the abstract. […]

Full text and plenty of room for real discussion at:

http://kapitalism101.wordpress.com/2012/08/23/law-of-value-9-abstract-labor/

Law of Value 9: Abstract Labor (part one)

*

[…] In our analysis we found that value is an expression of abstract labor and that abstract labor is a direct result of the organization of production through commodity exchange. We furthermore noted that this organization is only effective when labor power itself is a commodity to be bought and sold. And labor-power only becomes a commodity with a specific type of property relation, and a specific type of state that can guarantee the stability of this property relation. Thus our analysis ‘grounded’ the abstractness of value and abstract labor in a concrete type of social organization. […]

Law of Value 9: Abstract Labor: Part Deux

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 10: Price and Value by Brendan M. Cooney