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Marx was primarily addressing the value of commodities, ie. economic value, but extending it to works of art: the number of socially necessary hours required to
by cutler 4y ago
Marx was primarily addressing the value of commodities, ie. economic value, but extending it to works of art: the number of socially necessary hours required to create a piece of work. That's not the same as market value though both exist. Art creation isn't really addressed by this as the labour pool for a piece of art is exactly one whereas the Labour Theory of Value is about social production.
- msla 4y ago> the number of socially necessary hours required to create a piece of work. Who decides how many hours of work spent on a piece of art are socially necessary? > Art creation isn't really addressed by this as the labour pool for a piece of art is exactly one This is definitely not true of things like films and novels.
- cutler 4y agoSocially necessary is an averaging concept and is an essential part of the theory. Look it up in Das Kapital. Marx was concerned with social production, not individuals.
- msla 4y agoSo it's a political idea, as opposed to an economic one.
- cutler 4y agoNot really. Most economic theories deal with the social dimension of production. Then again, we tend to forget that Economics for a long time was known as Political Economy as it's difficult, if not impossible, to divorce the two.
- msla 4y agoExcept, as an economic theory, it's superseded. People only hold to it out of politics.