Re Allin's [5430]: Previously I noted: > > You haven't given a reason yet *why* the > > unsold inventory should > > be counted as part of constant capital. Allin responded: > Please see Paul's ship-building example from > the other day; it's the same issue. No, I think it's not the same issue. > If the "unsold inventory" had been sold by the > producer to a separate retailing enterprise, > it would be circulating constant capital for > the retailer, right? But re-drawing the juridical > line between producer and retailer doesn't alter > anything essential. It is interesting that this discussion began with a discussion of issues associated, in part, with Volume 2, Ch. 7. Now we have arrived (with a small step backwards) at issues associated with Volume 2, Ch. 6 ("The Costs of Circulation"). Putting aside for now the issue of the costs of storage and transport, your position is that the unsold commodities represent constant capital. Marx, however, refers to the "commodity stock" as "commodity capital on the market" rather than constant capital. I see no argument there that suggests that this unsold inventory should count as constant capital. Do you? In solidarity, Jerry
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