On Wed, 25 Apr 2001, Gerald_A_Levy wrote: > Re [5415]: > > > > Perhaps I have misunderstood your point: > > > do you consider unsold output to be part of > > > c? > > Yes > > You are implicitly assuming that the entire > unsold output represents means of production. > For firms producing output destined to be > means of consumption, how does that unsold > output represent constant capital? Consumer goods waiting to be sold are also constant capital. Consider the stock on a retailer's shelves: circulating constant capital. Semi-finished consumer goods likewise: they are in effect means of production that will be used, along with additional labour, to produce finished consumer goods. Allin.
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