Re [5414]: A further thought -- Let's consider the impact of a reduction in the turnover time where that reduction causes circulation time to be shortened -- If circulation time is shortened this would imply that the *unproductive costs* of firms will be lowered. Thus, with a decrease in circulation time, firms will have to allocate less money (in the form of revenues) for unproductive labor and allied non-labor costs (which are *not* part of c, indeed it is not capital at all). This reduction in expenditure on unproductive costs will cause the after-cost profitability of firms to increase and thereby free-up additional money-capital which can be used to purchase additional c and v and thereby extend accumulation (by productively consuming a greater proportion of surplus value). Yet, to the extent this results in further increases in the production of relative surplus value via "labor-saving technical change", this further raises the organic composition of capital and thereby reinforces the tendency for the general rate of profit to decline. In solidarity, Jerry
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