On Mon, 9 Oct 2000, Chai-on Lee wrote: > In your iteration, why is the rate of exploitation allowed > to change in the iterative transformation? Firstly, the rate > of exploitation should not vary in such operations. > Secondly, both the numerator and the denomenator in the > exploitation rate should be valued in the same terms, either > in the common value terms or in the common pr terms. Since v is being revalued in terms of prices of production at each step, holding (s/v) constant would mean changing the figure for s, thus breaking the equality of total profit and total surplus value. I wanted to maintain at least one of Marx's equalities. How would you say the iteration ought to go? Allin.
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