| This question <34|47> overall <45|47> VanHalen: <18|47>. |
| Question 51: 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? |
| [46] VanHalen: MsMarx gave a good answer to question 51 and I don't mean to criticize because I don't think I can do much better. However, when I read the answer given by MsMarx, I don't think it ever came out and plainly said what the answer to the question really was. MsMarx said “the form aspect of value is value as exchange-value, which is independent from use value. If one abstracts from the use value of the product of labor one obtains the value” |
| The question asks about the magnitude OF the value that MsMarx did a good job of uncovering in the above excerpt. I would add to the above answer of MsMarx that the Magnitude Of The Value is determined by the the amount of labor socially necessary for the production of the item. |
| The bottom of page 129 in Captial says ,“What exclusively determines the magnitude of the value of any article is therefore the amount of labour socially necessary, or the labour-time socially necessary for its production.” |
| I interpret this sentence to answer the question 51 by setting up what determines the magnitude of the value once it has been uncovered from its expressive form; exchange value. |
| Hans: Thanks for taking the trouble of putting MsMarx's answer more in focus. I think this is helpful for the readers of this list. I also like that you pointed out what role the exchange relation with the other commodities plays in this answer: You say that in your last sentence, it is the expressive form of the inherent value. |
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