From: Fred B. Moseley (fmoseley@mtholyoke.edu)
Date: Sun Nov 03 2002 - 23:11:09 EST
A small correction to my (7891) posted yesterday: I quoted the following passage from the Grundrisse, according to which the equalization of profit rates does not affect the total magnitude of profit: *The total surplus-value ... can neither grow or decrease by this operation* [the equalization of rates of profit. FM], *ever*; what is modified thereby is not it, but only its distribution among the different capitals. (G. 684; emphasis added) The page number cited is in error. It should be p. 760. I don't know how that happened. Please note also the following passages in which the same very important point is made: MECW.31: 416 (TSV.II: 190-91) MECW.33: 104 C.III: 99, 482, 971, 1000, 1001 Plus, all the passages in which Marx said that total profit = total surplus-value makes the same point. And also all the passages in which Marx said that profit = surplus-value for the capital of average composition of capital, since what is true for the average capital is also true for the total capital. Comradely, Fred
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