Re: [OPE-L] Marx on the 'maximum rate of profit'

From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Fri Oct 13 2006 - 18:11:16 EDT


Ajit, I was principally asking about the basis of your concern expressed
 by saying "capital cannot be measured by direct and indirect labor-time".

For either C or C+V, is your concern joint production or something
more/else?  C'est la question.  Paul Z.

Quoting ajit sinha <sinha_a99@YAHOO.COM>:

> --- Paul Zarembka <zarembka@BUFFALO.EDU> wrote:
>
> > Ajit, Are you refering to the problem of joint
> > production in the
> > measurement of "C" (you mention "capital") or
> > something else?  If
> > something else, what specifically?  Thanks, Paul
> ______________________
> I mean (C+V) but it would also be correct if you take
> only C and leave the V out. ajit
> >
> > Quoting ajit sinha <sinha_a99@YAHOO.COM>:
> >
> > > > > You should
> > > > > note that it is well accepted that the formula
> > for
> > > > the
> > > > > rate of profits as S/(C+V) is wrong, so you
> > need
> > > > to
> > > > > check Sraffa to see whether the proposition
> > you
> > > > think
> > > > > is obvious is all that obvious or not.
> > > >
> > > > Ajit, please tell us in what respect S/(C+v) is
> > > > wrong according to
> > > > others.  There are a lot of dimensions of this
> > issue
> > > > and I cannot tell
> > > > which you are referring to.
> > > ________________________
> > > Simple, capital cannot be measured by direct and
> > > indirect labor-time. Cheers, ajit sinha
> >
>
>
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