From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Sat Jun 03 2006 - 12:02:54 EDT
Marx implies that no more surplus value can be distributed during an interval than is produced during that interval, but I think it would also be possible to show that with credit facilities and the transfer of product-value from one place to another, generic profit income realised could exceed, or be less than, the surplus value produced during the same interval. Consequently, even the most accurate macroeconomic aggregates for added-value would offer only a quantitative approximation,, and the two identities are only a modelling assumption, a theoretical generalisation, but not ontological identities which are true by definition. Jurriaan
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