48
Good quote in letter to Kugelmann.
“It is self-evident that this necessity of the
distribution of social labour in specific proportions is certainly not
abolished by the specific form of social production; it can only change
its form of manifestation. Natural laws cannot
be abolished at all. The only thing that can change, under historically
differing conditions, is the form in which those laws assert
themselves. And the form in which this proportional distribution of
labour asserts itself in a state of society in which the
interconnection of social labour expresses itself as the private
exchange of the individual products of labour, is precisely the
exchange-value of these products.127”
Still think that since O’Kane follows Heinrich in
misunderstanding the structure of Marx’s work (it is a Phenomenology pace
Pepperell), and so is going to read each step in Chapter 1 incorrectly
as Marx’s contradictory views, rather than as
a working up of the contradictory moments.
[Rumination provoked by page 50
It occurs to me that the reason that human labor is
able to be abstract, and thus to produce value, is that human labor in
the abstract becomes the only thing in common between unlike
use-values. Their ability to be abstractly commensurate
relies on the ability to abstract human labor temporally into a purely
quantitative form. Machines cannot do this because machines as such are
inherently concrete, use-value producing. They can only pass on the
abstract human labor already embodied in them.
Only human labor can exist as labor power and as abstract labor. There
is no such thing as abstract machine activity. Of course, there is
also the later point that the wage-form conceals that the worker never
receives the total of their labor-time back in
the wage, but only a part of the time. Machines cannot be subjected to
the wage-form, and again, as such can only be bought more or less at
their value and used as such. There is no way to exploit a machine, to
make it work for more than it materially requires
to keep going.]
50
“Abstract labour is not generated by concrete
production nor is this abstraction carried out conceptually prior to the
act of exchange. Rather, it is an abstraction that stems from atomised
production and is realised in exchange.”
As usual, I feel like this misses the fact that
labor power is always-already exchanged prior to production. That the
first use-value of which Marx speaks is the one that walks itself to the
market: labor power. Labor never reaches production
without already having been commodified. Marx can only take this up
later once he enters production, but that only means that this section
cannot be read as finished. Rather, it exists to some extent in the way
that the first three chapters of the Phenomenology
function, as prior to self-consciousness. It is with wage-labor and
entering the abode of production that we enter into the realm of
self-consciousness. Prior to that, we are looking at mere
Consciousness.
The sentence itself has an odd aspect to it: “it is
an abstraction that stems from atomized production…” What is this
“stems from”? And then “is realized in exchange” does not mean that is
it produced in exchange. From what I can see,
abstract labour is not generated anywhere in this schema, it “stems
from” whatever that means, and then is realized, though how something
that does not exist can be realized is a question.
There is no doubt that exchange determines the
validity of the labor time expended in production, that is, whether or
not and to what extent the labor power expended qua labor time is
socially necessary. Whether or not this is what constitutes
labor as abstract is a different question. I think that for both
Postone and Pepperell, this is not the case. Postone might even argue
that this is once against a theory of value operating at the level of
exchange relations, i.e. distribution, rather than
in production relations.
[Rumination provoked by this section in general
If I was going to level a critique of the money
theory of value interpretation of Marx, I guess it would start with the
idea that their analysis misses the presumption of Marx’s critique: that
there is a use-value that walks itself to the
market, which is already a commodity, which is already bought by the
user and sold by the owner, but the sale of which does not result in any
surplus-value for its owner, only the buyer, which is to say, labor
power.
Value as social form most certainly exists prior to
the sale of the commodity which is not labor power because the
commodity which is sold is the sum of previously purchased 1) means of
production, 2) raw materials, 3) labor power. Thus,
the producer already has made a wager that the amount spent on those
three items will be less than what the number of products can be sold
for.
Now, this does introduce a loop insofar as we have
something of a chicken and the egg scenario, except that, IMO the
purchase of labor power, not the money form, is what is here determinate
because it is the only commodity sold which does
not produce a possible surplus-value for its owner. Rather, it goes
only towards the purchase of means of consumption. Therefore, broadly
speaking, neither the social form nor the value are determined in the
act of exchange, but rather we see the validation
or not of the social form and the actualization (realization) or not of
the value. The form and content determinations both precede the act of
exchange of the commodity that results from the labor process qua
valorization process and is only validated and realized through exchange, that is, the transformation of C into M'. this is why Marx calls the book Capital and not Money or Value. Capital is the totality.]
NEW NOTE[12/13/2014]
I think that my position is very similar to Patrick Murray, "The New Giant's Staircase" Historical Materialism 13:2, in his reading and critique of Chris Arthur's notion.
This in particular sums up the issue:
"(iii) Marx’s theory insists on the inseparability of value, whose substance is congealed abstract labour of a particular social type, ‘practically abstract’ labour (labour that is socially validated – in commodity exchange – as abstract), from money, which is value’s necessary form of appearance. (Consequently, though time is the ‘inner’ measure of abstract labour, value can be observedonly in the movements of price.) According to Marx’s theory, the qualitative and quantitative determination of value overlaps production and exchange (in keeping with the inseparability of production and exchange), so that value is ‘latent’ in the sphere of production; it can be actualised only by being sold. 54 Value and price, though bound in a causal nexus, are not related as independent to dependent variable, respectively. (iv) Arthur’s position is close to Marx’s in that, in the end, he attributes the quantitative determination of value – still necessarily actualised by money and exchange – to (socially necessary) abstract labour. Closer to the Eldred position is Arthur’s insistence that the value-form itself is determined exclusively in exchange, independently of labour and the sphere of production. For Arthur, value is a pure, contentless form, which necessarily subsumes labour, whereas, for Marx, we cannot abstract the value-form from a peculiar social type of labour." (pp. 72-3)
I do not necessarily agree with his explanation of the "heuristic representative-part strategy" (p. 77), elucidated further here:
"In a second objection to Marx, Arthur argues that the provisional nature of the early stages in a systematic-dialectical presentation keeps Marx from proving, at the conceptual level of commodity circulation, that value must exist as distinct from exchange-value. I believe that Arthur wrongly makes proving something at an earlier stage depend on grounding it at later stage.
Arthur seems to think that, because the reality of value can be grounded only once the concept of capital has been introduced (a point I accept), no proof of value can be offered at the level of commodity circulation. 71 But we can accept the early proofs and still grant, in the context of the full presentation, that they are provisional. They may be provisional in the manner discussed above: truths about heuristic representative parts are superseded by more differentiated truths (as prices of production supersede values). Or, they may be provisional in the sense that the earlier truths incorporate terms that function as placeholders – as ’socially necessary’ functions in the definition
of value-producing labour – whose meanings are specified in the course of the presentation. Systematic dialectic builds truth on truth, not on a scaffold of ‘maybes’. 72" (p. 78)
My issue follows Pepperell's suggestive reading of the initial treatment of the commodity in the manner of Hegel's treatment of the first three defining concepts in the Phenomenology of Spirit. The rationalist, empiricist and objective idealist explanations of value are given, and each is only partially true, and thus to some extent also false. Part of this falsity is their insufficient determinacy, they are so far too abstract. They cannot, in fact, at this point in the presentation be sufficiently concrete as other elements have to be developed. This is why Capital forms a whole in which the starting point is justified in the end.
NEW NOTE[12/13/2014]
I think that my position is very similar to Patrick Murray, "The New Giant's Staircase" Historical Materialism 13:2, in his reading and critique of Chris Arthur's notion.
This in particular sums up the issue:
"(iii) Marx’s theory insists on the inseparability of value, whose substance is congealed abstract labour of a particular social type, ‘practically abstract’ labour (labour that is socially validated – in commodity exchange – as abstract), from money, which is value’s necessary form of appearance. (Consequently, though time is the ‘inner’ measure of abstract labour, value can be observedonly in the movements of price.) According to Marx’s theory, the qualitative and quantitative determination of value overlaps production and exchange (in keeping with the inseparability of production and exchange), so that value is ‘latent’ in the sphere of production; it can be actualised only by being sold. 54 Value and price, though bound in a causal nexus, are not related as independent to dependent variable, respectively. (iv) Arthur’s position is close to Marx’s in that, in the end, he attributes the quantitative determination of value – still necessarily actualised by money and exchange – to (socially necessary) abstract labour. Closer to the Eldred position is Arthur’s insistence that the value-form itself is determined exclusively in exchange, independently of labour and the sphere of production. For Arthur, value is a pure, contentless form, which necessarily subsumes labour, whereas, for Marx, we cannot abstract the value-form from a peculiar social type of labour." (pp. 72-3)
I do not necessarily agree with his explanation of the "heuristic representative-part strategy" (p. 77), elucidated further here:
"In a second objection to Marx, Arthur argues that the provisional nature of the early stages in a systematic-dialectical presentation keeps Marx from proving, at the conceptual level of commodity circulation, that value must exist as distinct from exchange-value. I believe that Arthur wrongly makes proving something at an earlier stage depend on grounding it at later stage.
Arthur seems to think that, because the reality of value can be grounded only once the concept of capital has been introduced (a point I accept), no proof of value can be offered at the level of commodity circulation. 71 But we can accept the early proofs and still grant, in the context of the full presentation, that they are provisional. They may be provisional in the manner discussed above: truths about heuristic representative parts are superseded by more differentiated truths (as prices of production supersede values). Or, they may be provisional in the sense that the earlier truths incorporate terms that function as placeholders – as ’socially necessary’ functions in the definition
of value-producing labour – whose meanings are specified in the course of the presentation. Systematic dialectic builds truth on truth, not on a scaffold of ‘maybes’. 72" (p. 78)
My issue follows Pepperell's suggestive reading of the initial treatment of the commodity in the manner of Hegel's treatment of the first three defining concepts in the Phenomenology of Spirit. The rationalist, empiricist and objective idealist explanations of value are given, and each is only partially true, and thus to some extent also false. Part of this falsity is their insufficient determinacy, they are so far too abstract. They cannot, in fact, at this point in the presentation be sufficiently concrete as other elements have to be developed. This is why Capital forms a whole in which the starting point is justified in the end.
51 n132
“Marx uses some unfortunate physiological metaphors
when describing abstract labour in later editions of Capital. But the
majority of his other descriptions counter these clunky metaphors. These
descriptions show that abstract labour is
not a substance that is produced by the burning of calories, nor is it a
purposive mental operation. As Marx states later, ‘not an atom of
matter’ enters into this process of abstraction in which ‘value is
realized only in exchange, i.e. in a social process.’
(Marx 2009, 105) Later, while discussing the three peculiarities of the
equivalent form, Marx further clarifies the specific social character
of these categories by stating that the ‘objective character as values
is purely social and that this objective character
only appears in ‘the social relation between commodity and commodity.’
(Marx 2009, 110) Finally, in the French edition, Marx unequivocally
states that ‘[t]he reduction of various concrete private acts of labour
to this abstraction of equal human labour is
only carried out through exchange, which in fact equates products of different acts of labour with each other.’”
Again, see Pepperell. Since Marx is presenting the
logic of other analyses of value in the first chapter, he must of
course present them “warts and all”, including their physiological
dimensions. “Spirit is bone” is very much at play
here, as “value is physiological labour”. The impoverished,
unsophisticated, unliterary, scientistic reading of Marx (words one
cannot use in relation to Marx’s writing ever, btw) takes postiviely
what should be read dialectically, even speculatively. A
major problem of not comprehending this is that Marx’s categories are
thought to be adequate at any given moment, when in fact they are
necessarily incomplete at any given moment, that is, lacking in some
level of concreteness, qua outcome of many determinations,
and they may not represent Marx’s actual thoughts. One has to pay
close attention to the footnotes in the work because they often give
crucial indicators as to whether or not Marx is having a go at some
concept.
This reference to the French edition is not helpful
insofar as I don’t know the context of the quote. Like Adorno, quoting
Marx out of context is risky, as it threatens to hypostatize a dynamic
thought.
51
The whole paragraph here overlooks that the
as-yet-unrealised value and thus the commodity and the labor power that
went into it has to already have the form of value in order to be in the
position to be realized. The entire dynamic of
potential and actual is lost, and thus the realization of value makes
the value-form magically appear where it had not previously been. That
what we have is a capital circuit which is a circuit of valorization in
toto, not merely at M’.
52-3
O'Kane does not make the same mistake almost everyone makes regarding the 3 peculiarities of the value-form. His translation is much better. Here he grasps that private labor is the form of social labor, as opposed to the normal English translations which treat social labor as the social form of private labor in capitalism.
‘private labour becomes the form of its opposite, namely labour in its immediately social form.’
55
“Instead, the wage form only pays proletarians
enough to reproduce themselves at the bare minimal[italics mine – CDW]
social average.”
Really? Does anyone believe this is actually the case since at least the end of WWII?
55-56
So if I understand his approach, O’Kane is arguing
that Marx's analysis has two separate elements: one comprehends
valorization qua money theory of value (the “analysis of the socially
specific manner in which capital allocates labour”),
which explains the capital circuit and exploitation and the other
comprehends “the way in which the collectively constituted forms of
value function as the autonomous entities of personified things that
invert, compel and dominate individual actions.”
However, the fetish-characteristic forms are
already interior to this part and not a second, separate element. The
class relation, here poorly explicated as the relation between the
capitalist class and the working class, when in fact
it is the relation of labor to capital. As always, the contingent
personification of capital vis-à-vis a capitalist class is missed, so
that the asymmetry of the class relation is missed. Labor’s
personification is necessary, but capital’s personification
is contingent. The class relation and the specific manner in which
capitall allocates labor is already autonomous and impersonal.
For O’Kane, I assume following Heinrich, Marx is a
dualist. Or it is a side-effect of the method of presentation.
According to the last para on 56, the Trinity Formula brings the two
modes together.
56
I do agree, and this is
the most important part of this thesis, that “these
fetish-characteristic forms are not aspects of a mode of false
consciousness but rather of the social character of capitalist labour.
They pertain to the sense in which the manifestations of abstract
social labour, as bearers of value, function as personified autonomous
entities that dominate and compel the actions of the individuals who
collectively constitute them.”
57
Marx Capital Vol. 1, 209 “Immanent in the commodity…”
58
Fetish character of the commodity is the beginning, not the final, form of the fetish.
59
“It is important to stress here that this
fetish-characteristic form of the commodity is described as ‘the
personification of things’ or as relations between personified things.
This is because
the personification of the fetish-character of commodities refers not
to how labour is transformed into things but to Marx’s discussion of
value and the value relation, which takes place in exchange in the
relations between things. The fetish-character
of the commodities – like the peculiarities of the equivalent form – therefore refers to properties that stick to
commodities by virtue of the process of atomised
production and exchange, and through the value form, which make
commodities the bearers of value.”
Something about this bothers me. It is the part I
have italicized. It is the pushing of the value-form again into the
exchange relation: " value and the value relation, which takes place in exchange in the relations between things."
60
Doesn't the sentence quoted and then the other
version in fn 165 not indicate that the fetish character is found in the
social character of labor, specifically “the special social character
of labour which produces commodities and the corresponding
peculiar social relation of the commodity producers.” This would seem
to undermine the idea of the value-form being in exchange.
61
According to p 61, not so, and yet what it would seem to indicate is that the “special social characteristics of private labour
appear only within this exchange.” That is, the special social characteristic is already there as
potential to be realized, to be made actual. Essence must
appear, but this does not entail a flattening of essence to appearance,
and it this latter which O’Kane, following Heinrich, does. Therefore I
disagree with assessment that “the practical activity
of atomised production’s realisation in exchange is constitutive of the
practical abstraction of value.”
Find that quote on page 169. The […] always
worries me. Besides, is the emphasis on their becoming values or on
acquiring a uniform social objectivity? It is that acquisition of
uniform social objectivity that is at work here. Prior
to exchange, that is, the completion or not of the capital circuit,
that their value is made actual. This is not the same as saying that
they do not have the form of value.
62
I feel like the use of the term "producers" here is not really
grasped by O’Kane. Marx’s producers in the first couple of chapters
are not per se workers, but capital. Capitalist producer sells to
valorize value, laborer sells labor as a means to
consumption.
I also disagree with fn 175 that mystification qua naturalization only applies to political economists.
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