From: Riccardo Bellofiore (riccardo.bellofiore@UNIBG.IT)
Date: Tue Jun 01 2004 - 06:35:21 EDT
At 3:21 -0700 1-06-2004, ajit sinha wrote: >______________________ >How do you measure labor in terms of $? The unit of >labor is time. So we need to know how is labor >measured in terms of time. You have money wages, employment, expected extraction of living labour, expected money sales. If expectaction are fulfilled both in the capitalist labour process and on the commodity market, I guess we have abstract (living) labour time which will be confirmed by the market. > >Can you tell me what mLL and mPP stand for? Cheers, >ajit sinha LL living labour m monetary expression of labour time MP means of production p prices of MP riccardo -- Riccardo Bellofiore Dipartimento di Scienze Economiche "Hyman P. Minsky" Università di Bergamo Via dei Caniana 2 I-24127 Bergamo, Italy e-mail: riccardo.bellofiore@unibg.it direct +39-035-2052545 secretary +39-035 2052501 fax: +39 035 2052549 homepage: http://wwwesterni.unibg.it/dse/homepage/bellofiore.htm
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