From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Tue Nov 25 2003 - 04:57:46 EST
If money is an equivalent then there must be an equality such as: the value of the procuded commodity = the value of the money it sells for Price value deviations are therefore impossible. Surplus value (in hours) is equal to profit in dollars times the value of money (hours per dollar). There can be therfore no transfer of surplus value among capitalist firms. In view of this, why should I read Volume III? Phil -------------------------------------------------- Because a large part of volume III is devoted to looking at the circumstances in which the price value identity assumption is relaxed.
This archive was generated by hypermail 2.1.5 : Fri Nov 28 2003 - 00:00:01 EST