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sam!zdat
United States5559 Posts
On April 14 2012 15:02 TheGeneralTheoryOf wrote: But I thought the value of a product was the average labour it took to produce the product?. No. The exchange value of a commodity is equal to the socially necessary abstract labor time required to produce the product. edit: average, yes edit: "socially necessary" accounts for effective demand | ||
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sam!zdat
United States5559 Posts
http://davidharvey.org/reading-capital/ | ||
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