From: clyder@GN.APC.ORG
Date: Fri Jun 11 2004 - 09:21:51 EDT
Quoting Philip Dunn <pscumnud@DIRCON.CO.UK>: > > How is the above relevant? There is no need to suppose the price rises go on > indefinitely. Let them stop before they contribute more than negligibly to > inflation. The upshot will be that profit will have been made where > replacement cost profit is negative. > > Phil This would surely be a transfer from the capitalists who sold the means of production. When one looks at the social totality the replacement costs can not be negative. ---------------------------------------------------------------- This message was sent using IMP, the Internet Messaging Program.
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