One hundred and fifty-eight years ago today, Karl Marx wrote to Fred Engels to kvetch about the reviews of volume one of Capital. Marx enumerated the "three fundamentally new elements of the book": 1. it deals with the general form of surplus value, 2. it emphasizes the double character of labour power as use value and exchange value, 3. it shows that wages are "the irrational outward form of a hidden relationship." Then, in reponse to Dühring's "modest objection to the determination of value" he mentioned something fundamental to all three of those points: "no form of society can prevent the labour time at the disposal of society from regulating production..."
In Time at the Disposal of Society ( https://econospeak.blogspot.com/2026/01/time-at-disposal-of-society.html ) , I examine the relevance of that last point to Michael Lebowitz's 2006 policy advice to Hugo Chávez and his subsequent rationale for his approach. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#40085): https://groups.io/g/marxmail/message/40085 Mute This Topic: https://groups.io/mt/117152691/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
