I have been constructing a formal dynamic model of
the orthodox value theory over the weekend, and just
want to be a little surer of a couple of points by
the TSS people.
1. What does TSS stand for.
2. When computing the value of output, do you take
into account the value passed on by fixed capital
before or after moral depreciation. Do you consider
that machines pass on their current reproduction cost
( divided by life ) to the product, or their historic
cost?