ABSTRACT

Working time is not incorporated into the product, but labour quantizes time and gives a “body” to the product, by putting matter into contact with the utility-form. By measuring the time during which a work is carried out, it is time that is measured and not labour: the measure is physical, not economic. The quantum of time is a purely physical measure. The problem of measurement in economics cannot be solved if money is set apart from the process of production. If money were splitting barter, it would be an intermediary good standing between final goods, the object sold and the object purchased. Human economic activity is unable to create any matter of any kind. One must keep to the strict principle of production-consumption, the product being only the prior matter taken in the utility-form.