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I would like to see how she would explain commodity valorization. If she does not subscribe to the Labor Theory of Value, how is that extra value imparted, if n
by turkishrevenge 18y ago
I would like to see how she would explain commodity valorization. If she does not subscribe to the Labor Theory of Value, how is that extra value imparted, if not from the labor (variable) acting on constant capital? It's a mistake to attribute it all to money. Even she say money is an expression of this value.
- randallsquared 18y ago> how is that extra value imparted, if not from the labor (variable) acting on constant capital? It depends on the value and the valuer. A thing's value and the labor spent on it are not intrinsically related at all: a wild flower may be very valuable to someone while having required no labor at all. Similarly, digging a hole in your back yard does not automatically increase the value of your property; the labor has no value of its own. Value is entirely subjective, and can only be measured or assigned by people.