From: Fred B. Moseley (fmoseley@mtholyoke.edu)
Date: Tue Dec 17 2002 - 23:40:13 EST
On Mon, 16 Dec 2002, gerald_a_levy wrote: > 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 Jerry, I meant that the magnitudes of C, V, and S do not change IN VOLUME 3 OF CAPITAL, in which it is assumed that there is no realization problem, in order to examine capitalism in its "pure state". Comradely, Fred
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