Re: [OPE-L] workers' consumption and capitalists' consumption

From: Ian Wright (wrighti@ACM.ORG)
Date: Mon Jun 05 2006 - 13:48:19 EDT 

Hi Phil

> No typo. I am saying that leaving capitalists' consumption out of what
> labour produces is equivalent to the real cost definition. The value of
> capitalists' consumption is immortal in these circumstances. It just
> goes round and round. Labour creates only the value of workers'
> consumption.
>
> Similarly, if workers' consumption transfers to the commodity produced,
> labour creates only the value of capitalists' consumption. The value of
> workers' consumption is then immortal.

I'm sorry but you'll need to expand on this because I don't
understand. Not sure what you mean by "immortal" in this context
either. In a circular flow no new surplus-value is produced, so in
that sense labour-value is continually reproduced and "goes round and
round".

Best wishes,
-Ian.

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