From: Jerry Levy (jerry_levy@VERIZON.NET)
Date: Sat Jan 12 2008 - 08:12:44 EST
> I don't think unproductive labour is a cost of production: if it > were it should be regarded simply as that, like ancillary labour > of machine servicing etc. Hi Ian H: Regarded by whom? Don't you think that corporations themselves regard their expenditures on their advertising, legal, and public relations departments to be costs of production? I agree that expenditures on unproductive labour are not the same as expenditures on c or v (a point I made previously). The issue is what are the implications (advantages/disadvantages) of assuming that u is an addition to the denominator vs. a subtraction from the numerator? > It should be noted that all of the different > proposals have different effects on the rate of profit: that may > be one way of deciding which method is best, Since quantitatively having a given quantity of u as a deduction in the numerator vs. an addition to the denominator shouldn't change the magnitude of r, I guess you mean the relative implications of having c + v in the denominator vs. K? Yes, that would have different effects on the r. But, how could that be seen as a way of deciding which method is best? If it is done in one way vs. the other it might have "perverse" or logically inconsistent results? Please explain. In solidarity, Jerry
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