From: Dave Zachariah (davez@kth.se)
Date: Mon Aug 04 2008 - 07:10:39 EDT
Philip Dunn wrote: > Do you mean "equal exchange" here? Marx posed the problem of how there > could be a surplus under conditions of equal exchange. > > I don't address such a mechanism. I just provide an alternative value > accounting framework in which it can be discussed. > > The rate of exploitation, as a random variable, is > > fJ-1 > > where J is the valorisation ratio and f is the ratio of the real to the > absolute value of money, equal to aggregate dollar value added over > aggregate dollar wage-bill. Just accounting. > > Why it is > 0 I regard as an open question. > Equal exchange is less of a matter here. Historical materialism emphasizes the extraction of surplus labour on a macro-level, which can easily be verified. I think this primary concern is obscured by your framework. It seems like profits arise from some mysterious properties of exchange. //Dave Z _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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