From: gerald_a_levy (gerald_a_levy@msn.com)
Date: Mon Dec 16 2002 - 03:31:24 EST
Re Fred's [8182]: > Jerry, the subsequent determination of constant capital and variable > capital does not change their magnitudes. Rather, the given magnitudes > (which remain unchanged) are explained at a later stage of the > theory. And the subsequent determination of C and V also does not change > the basic equation > S = m (L - Ln) > Nor do any of the magnitudes in this equation change. What changes is a > more complete explanation of the initial givens. If the commodity product is not sold then a portion of the surplus-value that was presumed/ assumed to exist exiting production does not become actualized and the magnitude of S is thereby diminished. The equation S = m (L-Ln), thus, can tell us the magnitude of surplus-value *if and only if* all of the surplus value is realized/actualized; if that is not the case then we can't say what the magnitude of C and V will be in the next period of production since the movement C-M' did not yield as much S and M as presumed. In solidarity, Jerry
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