Rakesh Bhandari wrote:
>
> I think the more illuminating application of the law of conservation of
> energy is not to the conservation of value but to the conservation of the
> real physiological energy expended by abstract labor in the amortization of
> fixed capital. That is, if the turnover time increases, no more and no
> less than the same physiological energy which would have been expended less
> intensively over a longer period must now be expended by abstract labor in
> that shorter period if it is to provide the service gratis to capital of
> preserving the value of fixed capital.
>
>
Are you really sure of this Rakesh?
It is equivalent to saying that processes which alter the organic
composition
on a stock basis ( change in turnover time ) can not alter the organic
composition
on a flow basis.
I am not aware of any studies in the literature that have demonstrated
this.