On Oct 30, 2012, at 2:09 PM, raghu wrote:
Why is "Law of Value" a more accurate phrase?
Because that is Marx's phrase. He never, ever, wrote of a "labor
theory of value."
Is it a physical law comparable to the Law of Gravitation or the Law
[sic] of Evolution?
It is, in Marx's view, a *natural* law that, like all natural laws,
"cannot be done away with." (Letter to Dr. Kugelmann). The aspect of
"nature" to which it applies is the nature of all social organisms
(bees, termites, beavers, humans, etc.) and what it states is that
every social organism has to allocate its labor power to definite
tasks and in definite proportions. The analysis of Das Kapital is the
analysis of how human society, in its present market-organized phase,
performs (and misperforms) that indispensable function.
Shane Mage
"scientific discovery is basically recognition of obvious realities
that self-interest or ideology have kept everybody from paying
attention to"
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
