| This question <57|21> overall <13|15> Rollingrock: <12|65>. |
| Question 49: Is the magnitude of value of a commodity determined by the quantity of abstract labor necessary to produce it, or by the quantity of other commodities against which it can be exchanged? |
| [14] Rollingrock: The value of commodity is produced by labor power The commodity can not produce extra value for itself. The only thing that can produce value is labor power. The value of commodity is produce by labor power. |
| All commodities are produced by human labor and in some sense therefore we can think commodities as certain quantity of the accumulative labor, or crystallized labor, or congeal labor. Every commodity has a quantity of embody labor and just as physical things. The commodity is a use value and regard quantitatively. Moreover, its quantity is how much labor to incorporate in it. |
| Marx was very carefully to indicate two different concept: Exchange value is not value, it is the expression of value. The value behind exchange value,thus, phenomenologic form lies the truth for the value. So do not be fooishl by exchange value and it is the form of value, not a substitution. |
| For example, to take certain number of labor hour to produce an ounce of gold. The gold is like currency as a value. The value is how many labor hours include. The value include relative value and absolute value. |
| Hans: This could have been the very best of your contributions had it not been written in such a hurry. |
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