- Capitalism and Alternatives -


Posted by: Gee ( si ) on November 01, 1999 at 17:50:13:

In Reply to: Define your position! posted by Samuel Day Fassbinder on November 01, 1999 at 17:02:47:

: SDF: Are you saying that "use-value" is "useless" for the calculation of profit? Have you changed your mind, Gee? Stoller and I have you quoted as saying "Profit is gain based upon use value." Which opinion may we attribute to you, that "Profit is gain based upon use value" or that use-value is useless as a concept for the calculation of profit, and we must use exchange-value instead?

That exchange-value is concrete evidence of use-value, becuase on its own use-value is an intangible unmeasurable concept. That profits are recorded by using exchange value data but that making profits in the first place requires that people will find a product useful to them and want to trade etc.

I agree that it should have been much clearer from the word go.

: SDF: Are you equivocating in the first sentence of your above post, or is your position consistent across posts? You are of course "free" to follow your lunch-break whims in this regard.

please see the 'refer to this' post.

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