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Thursday, February 28, 2019

Blue Star Pendant--Intermediate tutorial

1 comment:

  1. In studies of Adam Smith labor was obliged
    privileged and recognized in it the ability
    to set a constant ratio between the values of things; he
    allowed to equate the exchange of such use value,
    commensurability which is subject to change or subject to
    of relativity. However, the work could acquire such a role only at the cost
    specific conditions: it was necessary to assume that
    the amount of labor required for the production of some items, as well
    the amount of labor which the thing itself could buy
    the process of exchange. How else was it possible to prove this identity,
    if not on the basis of the assimilation (rather vaguely alleged,
    rather than fully explained) labor as a production
    of activity and labor as a commodity to be bought and
    to sell? Work in this second sense cannot be used in
    as a permanent measure; it is "equally susceptible to change
    how all those goods or products with which it can
    compare"1<$F1 Ricardo. Euvres completes, Paris, 1882, p. 5.>.
    The reason for this mixing of the two concepts of "labor" Adam Smith was
    the dominant importance attached to performance in
    his concept: every product was represented by a specific
    labor, and all labor could represent a certain number of
    product. The activities of people and the cost of things came into communication
    transparent elements of the submission. It is here that the study
    Ricardo finds his place and the crucial support of its
    significance. This is not the first study in which such an important
    place in the functioning of the economy is allocated to labor; but it
    breaks the unity of the concept of "work" and delineates for the first time so
    radically the force, the work, the working time, which
    bought and sold, and the activity that underlies the
    the cost of things. Thus, on one side is labor,
    offered by workers, who accept or require
    entrepreneurs and payable wages

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