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Amount Of Labor Time

  • 13 July 2010 3:25 am

Amount of labor time. These vouchers are not money. They are not in circulation. But the labor time socially necessary labor time should be, rather than the individual working hours. In order to determine the socially necessary labor time, the number of required measure of market competition and currency socially necessary labor time. Only in the social production of public
Money can only buy consumer goods, capital goods can not be bought, can not be converted to monetary capital.
We know that if money is working capital needs caused by the sustained, then, this is caused by two circumstances: first, the money generally, each individual capital (aside credit does not say) in order to transform into productive capital in the form
That must be taken; This is the nature of capitalist production, by the nature of commodity production generally caused.  Second, the necessary amount of prepaid money is the result of continued long period of labor and capital goods removed from society, but not at this time to the community can be further converted into the currency of any product. The

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