From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Tue Feb 14 2006 - 16:50:35 EST
Ian asked Andy: > [...], could you provide definitions of TCC, OCC, and VCC? I need to > understand these concepts properly before responding. Andy gave his definitions when we discussed this in early November, 2002. Look for posts by him in the thread on relation of value to organic composition of capital: http://ricardo.ecn.wfu.edu/~cottrell/ope/archive/0211 Broadly speaking, as I understand it, he agrees with the definitions given by Fine and Saad-Filho in _Marx's Capital_, 4th ed. (Pluto, 2004, Ch. 8). If I recall correctly, Simon in our exchange agreed with Andy and hence Ben and Alfredo on these definitions. In solidarity, Jerry
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