File spoon-archives/marxism.archive/marxism_1994/94-07-31.000, message 140


Date: 27 Jul 94 23:06:16
From: wpc-AT-clyder.gn.apc.org (Paul Cockshott)
Subject: Value and imagination


Wes suggests that imagination is as much a source of value as is
labour. This confuses value in use with value in exchange.

When marxists talk of value without qualification they are using it
in the specific sense of socially necessary labour time. This value
is neither created by the imagination not is imaginary. It is the
underlying cause of value in exchange, of which monetary price is
the clearest expression.

Profit is thus not at all hard to pin down, one merely has to look
into the accounts of companies.

--------------------------------------------------------------------
Paul Cockshott , 		        
Phone: 041 637 2927		wpc-AT-clyder.gn.apc.org
				wpc-AT-cs.strath.ac.uk


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