Re: Re: Re: Re: the labor theory of value

[Michael Perelman]

Justin wrote:

> << The only other relevant question is whether labor creates value. For those
>  who think not, they do not belong on PEN-L, but that's just my opinion.
>
>  Louis Proyect >>

Fabian put this thread on a bad track.  The labor theory of value does seem to
raise passions.  I thought that Jim's response to him was measured.


Louis was wrong to make such a statement, but he did qualify it.  Justin then
characterized Louis without any qualification.

Justin, you are free to reject the labor theory of value, but try not to increase
the flaming.

>
>
> Lou loves to draw demarcation lines and push people over the other side of
> them. What about people who think that labor creates some value, but not all
> of it? Is there a percentage of value that you have to believe that labor
> creates before you should be admitted to Pen-L? --jks

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]