[OPE-L:3880] Re: Surplus-Value vs. Surplus Product

andrew klima (Andrew_Kliman@msn.com)
Fri, 27 Dec 1996 06:52:17 -0800 (PST)

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In ope-l 3878, Allin wrote, in response to my ope-l 3876,

"Perhaps Andrew could explain what bearing he reckons the
quotation about rent has on the questions he poses after it.
I don't see any relationship myself."

Certainly. The key is Marx's phrase (my caps):

"IT IS NOT TRUE CONVERSELY THAT ANY SURPLUS PRODUCT IN THE SENSE OF A MERE
INCREASE IN
THE QUANTITY OF THE PRODUCT REPRESENTS A SURPLUS-VALUE."

It find it difficult to imagine how it might be possible that a surplus
product ("in the sense of a mere increase in the quantity of the product")
would not represent a surplus-value, if input prices (of production) must
equal output prices (of production), or if the values of inputs must equal the
values of outputs. If we imagine a vector of inputs (including means of
subsistence for workers), K, and a vector of outputs, X, then a surplus
product in the above sense exists if some elements of X - K are positive and
none are negative. Valuing X and K according to some vector p, which might
be unit prices or unit values, surplus-value is p(X - K). If all elements of
p are positive and a surplus product exists, then surplus-value must be
positive.

If, however, K is valued according to vector p(t) and X according to vector
p(t+1), then surplus-value is p(t+1)X - p(t)K. Even if a surplus product in
the above sense exists, if the elements of p(t+1) are "on average" small
enough relative to the elements of p(t), surplus-value can be negative.

Andrew Kliman