From: Paul C (clyder@GN.APC.ORG)
Date: Tue May 18 2004 - 16:15:24 EDT
glevy@PRATT.EDU wrote: > > >An interesting question for discussion, perhaps -- and one >that I don't recall us discussing. A question that could be asked >here is whether *credit* and *fictitious capital* (taken togther with >profit + rent) can and do represent a greater magnitude than the sum of >surplus-value _or_ whether credit and fictitious capital represent a >_redivision_ of s among capitalists? > > This is a category error. Credit and fictitious capital are stocks evaluated in money. Surplus value is a flow, which can also be represented in money. A flow has a free variable in the time period over which it is measured. By varying this one can make it larger or small than any specified stock. Thus there will always exist a time period t, which if taken as the base period will give a flow per unit t that is greater than any specified stock x.
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