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Julian
> Revised version:
>
> On Monday evening the enterprise has:
>
> (a) spare capacity at its current rate of output
>
> (b) Monday's output of yarn, which when sold for £1100 replaces the
> circulating capital of £1000 needed for Tuesday's output at the same level
> as before, together with a surplus value of £100.
>
> (c) plans to increase output by 10 per cent on Wednesday.
>
> I agree that on Tuesday weavers must have £1100 capital in the form of
yarn;
> but isn't the point that at the same time the spinners only have £1000
> capital in the form of cotton etc.?
>
> There will be book-keeping entries related to both the £1100 and the
£1000,
> but this seems to leave £100 unaccounted for in physical terms.
>
> What's the physical counterpart of the other £100 received by the spinner?
The physical counterpart is the extra £100 of yarn in the hands of the
weaver.
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