Henry Laycock

The theory of surplus value contrasts ‘pay for labour power’ and ‘pay for labour services’. Unlike labour services but like all commodities, labour power has a specific economic value and it exchanges at this value. Unlike that of other commodities, the consumption of labour power results in the creation of more value than the commodity itself contains. Surplus value arises from the gap between the labour needed to sustain a day’s work, to keep the worker going for a day, and the labour performed in that same time. By the labour theory of value, the amount of labour needed to sustain a day’s work confers one value on the means of subsistence the worker requires, and thereby on the labour power the worker sells to her employer, whereas the day’s work itself confers another larger value on the product marketed by the employer.

"Matter" may be defined, according to the Oxford English Dictionary, as "The substance, or the substances collectively, out of which a physical object is made or of which it consists". And while the O.E.D. is not the ultimate authority on words, nor is it, I believe, far wrong in this particular case. The definition is, as I shall argue in this paper, in substantial harmony with a tradition of some antiquity, according to which material objects do not constitute a somehow 'fundamental category' for ontology; and it is in conflict with a more contemporary view which maintains precisely that they do.

In The Principles of Mathematics, Russell writes: Whatever may be an object of thought, or may occur in any true or false proposition, or can be counted as one, I call a term. This, then, is the widest word in the philosophical vocabulary. I shall use as synonymous with it the words unit, individual and entity. The first two emphasize the fact that every term is one, while the third is derived from the fact that every term has being, i.e. is in some sense. A man, a moment, a number, a class, a relation, a chimera, or anything else that can be mentioned, is sure to be a term'. Now in this remark, a certain extremely general, topic-neutral use of ‘object’ is singled out, a use in which the expression is treated as equivalent to (equally neutral) uses of ‘term’, ‘entity’, ‘unit’, ‘individual’, and ‘thing’. In addition, a claim is made to the effect that the content of the expression, with its emphasis on one, is such as to be adequate to comprehend the sum-total of existence, to include whatever there may be. The paper addresses the question of what this claim means, and whether it might be true.

A picture of the world as chiefly one of discrete objects, distributed in space and time, has sometimes seemed compelling. It is however one of the main targets of Henry Laycock's book; for it is seriously incomplete. The picture, he argues, leaves no space for "stuff" like air and water. With discrete objects, we may always ask "how many?," but with stuff the question has to be "how much?" Laycock's fascinating exploration also addresses key logical and linguistic questions about the way we categorize the many and the much.