RE: [OPE] Understanding Value and Use-Value

On Thu, 2009-04-30 at 13:18 +0100, GERALD LEVY wrote:

>
>
> Hi Phil:
>
> It's not consistent. c isn't zero because a portion of the capital value
> is invested in means of production *regardless of whether there is value
> transferred*. More specifically, it's not consistent because
>
> (1) a portion of c represents fixed costs for the firm;
>
> (2) the value of C _potentially_ may be transferred all or in part to
> the commodity product.
>
> (3) The flip side of this potential is that value might not be transferred
> from c.
>
> This c represents both an expenditure and an expense for firms. You can't
> wish away this reality - a reality that firms are painfully aware of.
>
>
There is no argument that fixed costs are real as outgoings. A strike is
no doubt painful to the firm.

Would you then accept Senior's last hour argument in so far as it
applies to fixed costs?

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Received on Thu Apr 30 23:32:32 2009