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By Karl Marx

The "forgotten" moment quantity of Capital, Marx's world-shaking research of economics, politics, and historical past, includes the important dialogue of commodity, the cornerstone to Marx's theories.

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I shall come back to this thesis when I deal with the so-called transformation problem in the introduction to Volume 3. 42. Morishima, op. , pp. 2-3. 43. Theories of Surplus-Value, Part I, Moscow 1969, p. 218; Capita/Volume 3, Chapter 17; and see below, pp. 209-11. Even within Part I of Theories of SurplusValue, there are striking contradictions on this question. ' 44. See, inter alia, Jacques Nagels, Travail collectif et travail producti/ dans /'evolution de la pensee marxiste, Brussels, 1974; S.

It has been objected that unemployment compensation can by no means be considered as the equivalent of the 'price' or 'value' of a commodity called 'labourpower ',for by definition the unemployed do not sell their labour-power. However, this argument is based on a somewhat mechanistic reduction of the category 'socialized wages'. Nobody could assert that, if a worker places 10 per cent of his current wages in a chocolate box or a bank account in order to provide for the portion of his 'active adult life' during which he expects to be unemployed, that amount of money thereby ceases to be part of his wages.

This does not mean that planned socialist production could do without specific proportions in the flow of labour, means of production and consumer goods between the two departments. Such proportional allocation of resources is indeed the very essence of socialist planning. It means only that there is a qualitative as well as a quantitative difference between value calculations and calculations in labour time - between the dynamics of, on the one hand, appropriation and accumulation of surplus-value, and, on the other hand, rising efficiency (labour productivity) achieved in successive phases of production and measured in quantities of use-values produced during a fixed length of time.

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