Re: (OPE-L) variable capital and the quantity of productive laborers globally

From: Paul C (clyder@GN.APC.ORG)
Date: Thu Apr 22 2004 - 16:22:40 EDT

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Gerald A. Levy wrote:

>
>
>Another point, which I suggested earlier, is that if v is measured in
>nominal prices (which it is, right?)  then an increase in the size of
>v can not be used to necessarily infer an increase in the quantity
>of workers who are productive of surplus-value since when there are
>increasing nominal wages for productive laborers a given amount of
>v will employ less wage-workers.
>
>
 Since v is a flow of value per annum, it has dimension person hours per
year, by cancelling
we get that its dimension is persons - thus the flow measure of v is
given in full time person
equivalents.

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