Title: Labour Value of an Easily Duplicatable Commodity
Abstract: 1. There are many occasions while reading Marx when one may want to take issue with the writer. It is, however, impossible to find fault with the clarity he maintains in defining things. While some of his concepts are not that easy to handle in modelling the modern economic world full of new kinds of commodities, it would be improper to conclude about the absurdity of those concepts. The basic concepts of value, exploitation etc., may not be apparently observable but are very clearly definable, and do not always fail to be useful. We live in a world which has commodities with brand names tagged on making them distinct. We also see copies of these commodities commanding a lower market price but in fact quite indistinguishable from the originals. Consider the hypothetical case of these copies being produced at no or negligible cost from the originals. Probably the more concrete case of books or videos being copied with little cost. Or even more realistically, the computer softwares (or programs) copied effortlessly, Recently there have been efforts to study these new commodities of the era of information and some Marxian concepts have been applied, unfortunately not with the required clarity. This has resulted in the statements like the value of the copied
Publication Year: 1992
Publication Date: 1992-05-26
Language: en
Type: article
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