> > >3. If so, then the basic disagreement between us is how constant capital >and variable capital are determined, right? We have the following >different interpretations of this crucial question: > >RAKESH: C and V are determined as HYPOTHETICAL magnitudes, as the "direct >prices" of the means of production (m Lp) and the means of subsistence (m >Lms), respectively. > >FRED: C and V are taken as given, as the ACTUAL magnitudes of >money-capital invested in the real capitalist economy to purchase means of >production c and labor-power (V), respectively. You have acutely pinpointed a real difference--thanks! I argue that since Marx has not logically derived the category of price of production in volume I, he does not assume *or allow* (generally) for exchange in terms of that category. So yes, I assume C and V are determined as the simple or direct prices of m Lp and m L ms. Moreover, I argue that Marx's inputs in his transformation tableaux have to be in the form of such simple or direct prices since he has not yet derived the category of the price of production. yrs, rb
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