Date: Mon, 4 Oct 2004 07:22:56 -0700 (PDT) From: "DP"-AT-pseud.pseud Subject: M-INTRO: submission ::Q:247 Commodity producers do not exchange their products because they consider the labor in these products to be equal, and therefore the fruits of the labor should be distributed on an equal basis. Marx claims that, on the contrary, the market interactions induce them to unknowingly equalize their labors. Describe the process by which they equalize their labors, and the goal which they pursue in this process. In the markets, goods are not exchanged according to the time that it took to produce them. In the market of selling furniture, two competitors, A and B will sell a couch for the market value and not according to the labor that it took to produce the couch. If A took 4 hours and B took 2 hours, B will not charge half the price of A. A will try to become more efficient in making furniture, cutting down the production process to earn more revenue per couch. Profit maximization comes by working efficiently and who can produce quicker can also sell more. By A and B constantly looking for ways to improve production, they are unknowingly equalizing their labors. __________________________________ Do you Yahoo!? Yahoo! Mail is new and improved - Check it out! http://promotions.yahoo.com/new_mail --- from list marxism-intro-AT-lists.village.virginia.edu ---
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