euripidies
Member
- Joined
- Mar 30, 2004
- Messages
- 155
"how do you expect them to wish for national success if they look over their shoulder and see somebody doing half as much work as them but still getting the same rewards?"
wrong, there is an economic side to marxism i have a passage that will sum it up for you.
"After Ricardo the Classical Political Economists agreed that the relative value of two commodities in exchange would be equal to the relative quantities of labor-time embodied in the two commodities. Prices might not always correspond to values (old masters, for example) but values always corresponded to labor. Put a little differently (but not everyone would have put it this way) "labor produces all value." But if labor produces all value, how can there be profits or interest?
Karl Marx was many things -- democratic and socialist revolutionary agitator and leader, journalist, philosopher -- and in his role as an economic theorist, he set out to answer that question. Marx had read Ricardo's ideas, and while Ricardo was no socialist, Marx respected Ricardo's scientific approach. And, as we have seen, Ricardo had found an answer to part of the question. According to Ricardo, landowners would obtain rent without contributing any effort, just because of the workings of the competitive market system and the labor values of products. The landowners were beneficiaries of a surplus-value because they had title to relatively productive land. Marx' idea was that all market payments other than wages -- all profits, interest, and rent -- could be explained in terms of surplus value.
Marx expressed the labor theory of value a little differently, and more precisely, than Ricardo. In Marx's terms, the value of a commodity is the socially necessary labor time embodied in it. This phrase, "socially necessary," takes care of some minor confusions in the theory:
Suppose John is a carpenter, but he is very clumsy, so it takes him twice as long as other carpenters to build a house. Does that mean his houses are worth twice as much?
No, since there are other carpenters who can build the house in half the time, half the time is the "socially necessary" labor time. The time that John wastes doesn't go into the value of the house he builds because it is not "socially necessary."
Thanks to technical progress and the extended division of labor, goods today can be produced with much less labor time than would have been required in Adam Smith's time. Does that mean that goods were worth more then?
In a sense, yes. But technical progress and extended division of labor have reduced the labor time socially necessary to produce goods and services, so it is to be expected that their labor-time value would be less. To the point: value depends on the circumstances of time and place, on history and human development. It would be closer to the truth to say that values at other times and places just are not relevant to, or comparable to, values here and now.
This concept of value -- that the value of a commodity is the socially necessary labor time embodied in it -- is basic to Marxist thinking."
if you want to learn more this is the site http://william-king.www.drexel.edu/top/prin/txt/marx/ApxToC.html
wrong, there is an economic side to marxism i have a passage that will sum it up for you.
"After Ricardo the Classical Political Economists agreed that the relative value of two commodities in exchange would be equal to the relative quantities of labor-time embodied in the two commodities. Prices might not always correspond to values (old masters, for example) but values always corresponded to labor. Put a little differently (but not everyone would have put it this way) "labor produces all value." But if labor produces all value, how can there be profits or interest?
Karl Marx was many things -- democratic and socialist revolutionary agitator and leader, journalist, philosopher -- and in his role as an economic theorist, he set out to answer that question. Marx had read Ricardo's ideas, and while Ricardo was no socialist, Marx respected Ricardo's scientific approach. And, as we have seen, Ricardo had found an answer to part of the question. According to Ricardo, landowners would obtain rent without contributing any effort, just because of the workings of the competitive market system and the labor values of products. The landowners were beneficiaries of a surplus-value because they had title to relatively productive land. Marx' idea was that all market payments other than wages -- all profits, interest, and rent -- could be explained in terms of surplus value.
Marx expressed the labor theory of value a little differently, and more precisely, than Ricardo. In Marx's terms, the value of a commodity is the socially necessary labor time embodied in it. This phrase, "socially necessary," takes care of some minor confusions in the theory:
Suppose John is a carpenter, but he is very clumsy, so it takes him twice as long as other carpenters to build a house. Does that mean his houses are worth twice as much?
No, since there are other carpenters who can build the house in half the time, half the time is the "socially necessary" labor time. The time that John wastes doesn't go into the value of the house he builds because it is not "socially necessary."
Thanks to technical progress and the extended division of labor, goods today can be produced with much less labor time than would have been required in Adam Smith's time. Does that mean that goods were worth more then?
In a sense, yes. But technical progress and extended division of labor have reduced the labor time socially necessary to produce goods and services, so it is to be expected that their labor-time value would be less. To the point: value depends on the circumstances of time and place, on history and human development. It would be closer to the truth to say that values at other times and places just are not relevant to, or comparable to, values here and now.
This concept of value -- that the value of a commodity is the socially necessary labor time embodied in it -- is basic to Marxist thinking."
if you want to learn more this is the site http://william-king.www.drexel.edu/top/prin/txt/marx/ApxToC.html