This question <545-2|30> overall <28|30> Chacci: <14|147>.

Question 53: The value of a commodity does not increase if it is made by a slow or inept laborer. Explain carefully why not. Whose decision is it to do things this way? How is it enforced?

[29] Chacci: Value of Labor   The value of a commodity does not increase because of a slow or inept laborer because the labor time required to produce the commodity is taken under socially normal conditions of productions. This means that the slower or more inept worker does not produce commodity with higher value because we are considering identical human labor power, we look at “the labor time which is necessary on an average”, not individual labor times. In a capitalistic society the decision to do things this way is made collectively by all commodity producing laborers. It is enforced by social mores and norms that serve to ostracize the slow and inept by not employing them.

	Students enrolled for Econ 5080 in 2009fa are invited to give feedback to the above message Pseudonym:      UofU ID:   Text: