[OPE-L:6276] Historical, real and current costs

Gerald Levy (glevy@pratt.edu)
Sun, 15 Mar 1998 03:19:15 -0500 (est)

Andrew K wrote on Sun, 15 Mar:

> Yes, there are stocks of widgets. The workers' use their wages to acquire
> some (or all) of these stocks.

Since you are assuming a one-commodity economy, how can the workers
purchase all of the commodity product? Is it assumed that Moneybags can
live on air? If there is no surplus product (since workers would receive
in wages a monetary amount equivalent to the value of the total product),
how can there be exploitation of the workers?

In solidarity, Jerry