Date: Wed, 23 Jul 1997 22:31:39 -0500 From: Doug Henwood <dhenwood-AT-panix.com> Subject: Re: M-TH: Re: Info Revolution Yoshie Furuhashi wrote: >I agree that we can't and probably shouldn't even try to compute actual >monetary value of household labor. At least I don't see much point in such >a practice. But I think that we shouldn't regard it as simply part of >"externalities"; instead, we could think of it as part of invisible >labor--including emotional labor--that makes productive labor and the >workings of the market possible. So in my opinion, theorizing the >relationships between productive and unproductive labor matters when we >analyze capitalism as an ensemble of changing social relations that >reproduce it, even though such theorizing doesn't fit into the production >of statistics. This touches on what Jim O'Connor calls the second contradiction of capitalism - K'ism's dependence on natural/environmental and social structures that it disturbs so immensely. Jim, I think, is trying to develop a new theory of catastrophic crisis, and I'm allergic to crisis theories, but it's essential to think through the consequences of this 2nd contradiction. Doug --- from list marxism-thaxis-AT-lists.village.virginia.edu ---
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