From: Philip Dunn (pscumnud@DIRCON.CO.UK)
Date: Sat Oct 01 2005 - 12:15:21 EDT
Quoting Gerald_A_Levy@MSN.COM: > > Consider a simple model with traditional agriculture. At the beginning > > of the final period there is a positive physical stock of corn. At the end > > the physical stock is zero, as is its value, and no corn has been sold. > > However, labour has been performed and value added is positive and > > must be equal and opposite to the value of the opening stock of corn to > > give zero sales and closing stock. > > > Hi Phil: > > Why, in this example, is value added positive if the physical stock of > corn is zero at the end of the period and therefore no corn is sold? > Although value is put into the production process and labor is > performed, that doesn't necessarily mean that value added is positive. > For new value to be constituted a necessary condition is for the > commodity product to have a use-value since if there was no UV > then there would be no EV and no V. But, if there is no commodity > product, how can it (i.e. that which does not exist) have UV, etc.? > > In solidarity, Jerry > Hi Jerry Value added is positive but value transferred is negative. So C'=0. I have been dithering for a week over constructing a numerical example. I have finally done it today. It contains a table so I am putting it in an attachment. Philip Dunn
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