On Sat, 07 Apr 2001, you wrote: > > (1) W = C + N > = C + mL > > (2) S = N - V > = m (L - Ln) > > where W is value, C is constant capital, V is variable capital, N is > new-value, L is total current labor, m is money-value-added per hour, Ln > is necessary (= V/m), and S is surplus-value. > There is surely a dimensional inconsistency here. if m is as you say money-value per hour, say $ per hour, then the dimension of the whole equation is in money not in value. I would say that the fundamental equation for the value of the product is W = C+V+S = C+ L and the exchange value of the product measured in money would be P=mW -- Paul Cockshott paul@cockshott.com wpc@dcs.gla.ac.uk www.gn.apc.org/reality
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