Does anyone know a/some good book(s) on digital commodities and value circulation?
I have been grappling recently with how to apply the traditional theory of value and its motion to digital commodities. Namely, it seems that the constraints on pricing of socially necessary labor time seems to break down, because the labor consists of data which is in theory infinitely replicable, the pricing seems to represent the epitome of money fetishism such that the neoclassical marginal utility theory becomes dominant. It may be that the labor theory of value no longer has regulating tendencies here, but I could also see it being a different process at the point of realization (for example, the the total value of a digital good is realized not from a particular sale but of the sale as measured in the digital goods lifetime). In this case it would become about a theory of fractional value pricing, where the value of commodity at the point of pricing is a fraction of its total value, and realization happens for Capital accumulation only at a point where the total sales revenue exceeds the Capital laid out.