[OPE-L:4628] Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Part of My Confusion ontheTransformation

From: Rakesh Narpat Bhandari (rakeshb@Stanford.EDU)
Date: Wed Dec 06 2000 - 21:57:20 EST


re 4624

>
>You're right, in that fiat money is not a produced commodity and
>doesn't participate in any equalization of the rate of profit,
>unlike Marx's commodity money.
>
>Allin Cottrell.


Allin, Marx's commodity money is no more allowed to participate in 
the equalisation of profit rates in vol 3 than it is allowed to 
change its own value in vol I. The assumption that the value of money 
is constant is an assumption which underlies all three volumes of 
Capital.

Yours, Rakesh



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