File spoon-archives/marxism-international.archive/marxism-international_1998/marxism-international.9802, message 428


Date: Tue, 24 Feb 1998 15:20:59 -0500 (EST)
From: Siddharth Chatterjee <siddhart-AT-mailbox.syr.edu>
Subject: Re: M-I: Existence of Value




> Nancy wrote:
> >I think that value may also be viewed as a property of all nature and all
> >labor, which the capitalists accumulate by (1) capitalising on the
> >discriminatory practices and teachings of their institutions: the church,
> >the family, the school, and the state; and (2) externalizing the real costs
> >of production to families, the poor, and the environment. I think that
> >concept of social labor time is unnecessary to an understanding of value,
> >and that the exchange of commodities may be seen as governed by what people
> >want and how much they are willing to pay for it (i.e., supply and demand).
> >
> >I think that the theory that all labor and all nature has value, as
> >articulated above, explains capitalists accumulation just as well as Marx's
> >labor theory of value.


Two questions for Nancy.

1. Why is gasoline more valuable (i.e. more expensive) than rain water?

2. What is the value created by an unemployed person?

Note that we are using the terms 'valuable' and 'value' in the *social*
sense here.

Sid



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