Re: [OPE-L] questions on the interpretation of labour values

From: paul cockshott (clyder@GN.APC.ORG)
Date: Mon Mar 19 2007 - 12:41:12 EDT 

  Ian 
Do you mean it is unclear in practice, due to the variety of
mechanisms by which production is funded, or that it is unclear in
theory, due to some intrinsic problem with the concept "stock of
money-capital"?
 
----
The latter is what I mean.
Since money consists in the main in mutual debts there is a big
Problem with how to define its stock.
 
Conservation of money is incompatible with capitalist extended reproduction
And with the specifically capitalist form of money - bank money.
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