THE IDEOLOGICAL STRUGGLE IS THE OVERTURE TO THE SYMPHONY OF REVOLUTION
July 20, 2026 4 Comments
I neglected to discuss reconciling embodied values with reproduced values. What I showed for the first time is that market value is neither one nor the other. Instead it is formed from both as a weighted average comprising the share of the older production and the newer production and as the share of the newer production grows so the market value increasingly reflects this progressive shift. Here is the missing sentence I added to the article. “Solving the conundrum between embodied and reproduced values by showing how market values reflect the shift in the weight of production as new production displaces the older techniques of production.”
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