Re Rakesh 4227: [...] >Otherwise, why wouldn't anything with a P--say purchase of a >waterfall as energy source--transfer value in accordance with the >value of the money need to procure it? If you purchase a waterfall you're not a capitalist but a landlord. If Andrew is the capitalist and is renting your waterfall, the money he pays to you is a part of the surplus value, not transferred to the Korn he loves to produce. So, despite that this sum is, in his book-keeping, a "cost of production" as the seed is, it is not constant capital and hence neither an element of the advanced capital nor of the cost-price, in Marx's sense; it's rent. [...] >It seems plausible, but not consistent with the labor theory of value. It's not consistent with the so-called "LTV" as was understood by Tugan-Baranowsky back in 1899-05. But, as Tugan himself writes, his version of the LTV is not equal to Marx's version. There is nothing that one can call THE LTV. In addition to this, it still strikes me that a learned Marxist such Allin remains a defender of a theoretical position explicitly devised and presented by his author in order to show that Marx was absolutely wrong. But Allin does this in the naive belief that he's defending Marx! Marxism is indeed a "dialectical" way of living. Alejandro R.
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