From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Wed Jun 02 2004 - 08:20:07 EDT
--- Ian Wright <iwright@GMAIL.COM> wrote: > Hi Ajit, Rakesh > > Rakesh wrote: > > SNALT labor time. Surplus value is unpaid labor > > time; surplus value > > contains profit, rent, interest. > Ajit wrote: > > So you admit that the unit of SNALT is time. Now > tell > > me how is it measured? > > SNALT is represented in units of money. The monetary > expression of > labour-time (MELT) fixes the scale of measurement. > The question then > is what determines the MELT. I can give you a > non-circular answer for > the case of a simple commodity economy with > non-commodity money if you > want. I am genuinely interested in any criticisms of > this point of > view. > -Ian. ___________________ Please Ian, tell me. May be with you we can get somewhere. Cheers, ajit sinha __________________________________ Do you Yahoo!? Friends. Fun. Try the all-new Yahoo! Messenger. http://messenger.yahoo.com/
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