Paintings produced as commodities by waged painters enter the market
as "exchange values" and are subject to the law of value. Paintings
produced as art, whether highly valued or deprecated by patrons, exist
outside an economic circuit to which the law of value would apply.
However much is paid for a Van Gogh, that price will never call forth
production of a new Van Gogh.
On May 8, 2013, at 11:20 AM, michael perelman wrote:
Tom, that depends on the artist, which again reflects the
subjectivity of abstraction. If an artist wants to succeed, it is a
good idea to die.
On Wed, May 8, 2013 at 8:09 AM, Tom Walker <[email protected]>
wrote:
Paintings embody labour far in excess of their exchange value when
you take into account the millions of units that never receive any
revenue.
On Wed, May 8, 2013 at 7:49 AM, michael perelman <[email protected]
> wrote:
Ricardo pointed out paintings as examples of exchange value far in
excess of the labor embodied, although he never took abstract labor
into account.
Shane Mage
"Value is the relation of production costs to utility" (Engels)
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