| This question <3|7> overall <5|7> Angus: <430|21>. |
| Question 57: Is value the result of abstract labor? |
| [6] Angus: Responding to Cartman Cartman's submission in [3] that “there are many other inputs to consider that contribute to value such as raw materials and overhead... that determine its final value to society,” is logical based upon his argument, but I do not believe his assertion is correct. I will agree that Marx defines the value of a commodity is related to the amount of labor, however I believe Marx was relating use value to society as a whole and not based upon the perceived value of the sometimes irrational individual. |
| For instance, you could argue that the laws of supply and demand have caused the prices of Baseball Cards or Beanie Babies to skyrocket therefore generating value for the individual. However, I believe Marx was trying to point out the “total value of a good in society” and as we all know Baseball Cards and Beanie Babies do not contribute to the betterment of our society. Therefore, (assuming consumers are rational) I assert that Marx is correct in saying that an article has value only because of the input of human labor. |
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