kinghajj
Joined 18 years ago
Joined 18 years ago
Not quite right. Total Value remains the same before and after increase in productivity, assuming the labor force remains constant. But more use-value is created in the same period of time.
At the beginning, this is good for the employer, because the new socially necessary labor time has not been internalized, so the output can be sold for a price corresponding to its old Value. Maybe a bit less, to undercut competitors.
Eventually though, as competition adopts the new technique, everyone attempts to undercut each other’s prices, adjusting until prices correspond to the new Value.
jj-workshop on HEAD (2cab0f1) [!]
> jj
@ unwquwxk [email protected] 2025-07-29 18:47:18 f7db7c8a
│ Part 2 first
○ wskswvnt [email protected] 2025-07-29 18:47:13 git_head() 2cab0f16
│ Part 2 second
◆ pnxpmvpz [email protected] 2025-07-27 21:54:50 main 4d04bcef
│ Update README.md with link to JJ homepage
~
jj-workshop on HEAD (2cab0f1) [!]
> jj show w --git
Commit ID: 2cab0f167c64cea1d23407e12196fa6d1b8aab25
Change ID: wskswvntlvtwzqutoowyqltsouklzmqr
Author : Sam Fredrickson <[email protected]> (2025-07-29 18:34:52)
Committer: Sam Fredrickson <[email protected]> (2025-07-29 18:47:13)
Part 2 second
diff --git a/part1/foo.txt b/part1/foo.txt
index 067f76475a..56c99c9cc3 100644
--- a/part1/foo.txt
+++ b/part1/foo.txt
@@ -6,5 +6,5 @@
* The best operating system is ______
* The best text editor is ______
-* The best kind of phone is _______
-* The best superhero is ___________
+* The best kind of phone is nothing
+* The best superhero is nobody
jj-workshop on HEAD (2cab0f1) [!]
> jj show u --git
Commit ID: f7db7c8a5f37df8c29e08a6697ca6cd59c2313c4
Change ID: unwquwxklkprlqoksmxzvoumspnmnknk
Author : Sam Fredrickson <[email protected]> (2025-07-29 18:34:52)
Committer: Sam Fredrickson <[email protected]> (2025-07-29 18:47:18)
Part 2 first
diff --git a/part1/foo.txt b/part1/foo.txt
index 56c99c9cc3..f48ae9b3f9 100644
--- a/part1/foo.txt
+++ b/part1/foo.txt
@@ -4,7 +4,7 @@
Maybe fill this out?
-* The best operating system is ______
-* The best text editor is ______
+* The best operating system is Linux
+* The best text editor is neovim
* The best kind of phone is nothing
* The best superhero is nobody> Scholars tended to associate it with the theories of economists working with the Mont Pelerin Society, including Friedrich Hayek, Milton Friedman, Ludwig von Mises, and James M. Buchanan, along with politicians and policy-makers such as Margaret Thatcher, Ronald Reagan, and Alan Greenspan.
You also have to consider the asymmetric nature of this information. It's quite plausible that the US has its "cyber-fangs" embedded in key parts of PRC infrastructure, but how forthcoming do you think the PRC would be about that?
> Why this free worker confronts him in the sphere of circulation is a question which does not interest the owner of money, for he finds the labour-market in existence as a particular branch of the commodity-market. And for the present it interests us just as little. We confine ourselves to the fact theoretically, as he does practically. One thing, however, is clear: nature does not produce on the one hand owners of money or commodities, and on the other hand men possessing nothing but their own labour-power. This relation has no basis in natural history, nor does it have a social basis common to all periods of human history, It is clearly the result of a past historical development, the product of many economic revolutions, of the extinction of a whole series of older formations of social production.