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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