FROM PRICES SET BY CAPITAL TO PRICES DIRECTLY SET BY LABOUR TIME.

pricing socialism pdf

3 Responses to FROM PRICES SET BY CAPITAL TO PRICES DIRECTLY SET BY LABOUR TIME.

  1. Anti-Capital says:

    Interesting article, to which I will respond to in some detail separately. The question that I am concerned with is the wage. Do workers draw wages in your settings? If so, are there wage differentials? Or differentials in the wage equivalent, i.e. the labor voucher? Does someone working as a janitor draw less than a skilled machinist? Is the janitor required to work more hours than the skilled machinist to draw the same quantity of product?

  2. Let us use the word wage stripped of its capitalist content, that is part payment for labour time. Yes a janitor will receive a lower wage than a skilled machinist because their coefficient of labour is lower. Yes a janitor can work extra hours to increase their wage to the level of a skilled machinist. Here an increase in quantity is compensating for quality. The best way to see a voucher system is to assume that it is priced in UNILATs and it does not matter if this is an electronic or paper voucher. The voucher is good for x UNILATs which depends on the time worked adjusted for the coefficient of labour. So if a day-time janitor with a coefficient of 0.8 works eight hours, their voucher signed off by their workplace would register 6.4 UNILATs. If a skilled machinist with a co-efficient of 1.2 works the same hours, their voucher signed off by their workplace, would register 9.6 UNILATS. This enables them to withdraw from the stock of products items which add up to 6.4 and 9.6 UNITLATs respectively. I hope this answers your question. Of course the whole science and art lies in determining and agreeing these coefficients.

    Just after I wrote this article I was listening to a programme on civil engineering and how they cost mega projects together with their contractors. I was amazed that their modelling allowed them to produce projects whose end cost was within 98% of estimates. One point made was the drive to maximise controlled work places adjacent to the projects in order to pre-fabricate as much as they can. In this way to reduced the uncontrolled elements.

  3. Anti-Capital says:

    Yes, you answered the question, and I believe the answer is its own critique. Maintaining wage differentials and using that to distribute the product of social labor is in my opinion antithetical to Marx’s vision.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: