From: glevy@PRATT.EDU
Date: Mon Nov 06 2006 - 13:09:26 EST
> In balance sheets, managerial/supervisory labour compensation figures
> as a cost.
Jurriaan:
Another thought: if you want unproductive expenditures (U) to be
treated like other costs from an accounting perspective, instead
of treating them as (following Marx) a deduction from surplus value,
then you are free to change the formula for the average rate of profit
along the following lines:
S
R = -----------------
C + V + U
In solidarity, Jerry
This archive was generated by hypermail 2.1.5 : Thu Nov 30 2006 - 00:00:06 EST