From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Fri Feb 10 2006 - 09:20:49 EST
ope-l-0602: [OPE-L] Karl Marx on unequal exchange in the "Grundrisse" Tax rules can mean that you simply cannot make a profit out of something, or are permitted to make a profit out of something. But part of it is a matter of definition. If a good part of tax-assessed depreciation is really undistributed profit, measured by the difference between economic depreciation and tax-assessed depreciation, then what is the total profit really? If you are a finance controller, thing to watch is the total revenue stream, that is what counts, I mean there a deductions here, exemptions there and additions there... In the end, what people are concerned with is a net income from a revenue stream. ............................................................................................ Hi Jurriaan: I still think we've got a disagreement here and I doubt we're going to resolve it in this exchange. Of course, a finance controller for a firm is going to be concerned about the total revenue stream for the corporation. That is a real enough concern -- for an individual corporation. But the question of the magnitude of aggregate profit can not be determined simply by adding-up the revenues received by firms. If you do so, then you can't see the transfer of surplus value and profit among firms. And -- the point of this thread -- one can't determine the extent to which there is UE internationally. The reason for this is that the firm accounting takes into consideration any number of factors which affect the firm's bottom line but not necessarily the aggregate profit. In solidarity, Jerry
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