On Thu, 6 Jun 1996, Paul Cockshott wrote:
(among other things)
> >Duncan
> >The law of value in my opinion is the idea that the value added is an
> >expression of the living labor expended in a period.
> >
> Paul C:
> If this value that is added is not made manifest as a change in the price
> of the product relative to the raw materials then the whole marxian theory
> of profits is an absurdity. You can not have a theory of surplus value
> without a theory of relative prices.
> Paul Cockshott
Isn't the value added precisely the excess of the sales price over the
cost of raw materials?
Duncan
>
> wpc@cs.strath.ac.uk
> http://www.cs.strath.ac.uk/CS/Biog/wpc/index.html
>
>
>
>