From: Dave Zachariah (davez@KTH.SE)
Date: Thu Jan 17 2008 - 15:48:34 EST
on 2008-01-17 21:14 GERALD LEVY wrote: > No. You are assuming away the issue. Just like Deptartments I > and II, Department III requires C + V for production and reproduction. Yes, therefore production and reproduction of Dept. III cannot exist without the S created in Depts. I and II. > The S produced in _any_ of the 3 Departments can be invested in the > reproduction of commodities in _any_ of the 3 departments. This cannot be correct. S can be reinvested in additional means of production (Dept. I) or spent on unproductive activities (Dept. III), but not in wage goods (Dept. II). > > For Department III to have the effect you assert, there can't be > V invested in that department and the S produced in Department > III can't be used for investment in Departments I and II. The S produced in Dept. III can't be used to invest in wage goods. For V in Dept. III, the same remark as above applies. The existence of Dept. III depends on the surplus labour performed by workers in Depts. I and II. Its output does not directly or indirectly enter the real-wage of the working class. //Dave Z
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