[OPE-L:6283] Re: Historical, real and current costs

Gerald Levy (glevy@pratt.edu)
Sun, 15 Mar 1998 15:11:46 -0500 (est)

Andrew K had written previously, in response to Alejandro R:

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

>From Andrew's latest response to my questions, I think I now understand
what he means above. I.e. in his illustration workers can use their wages
to acquire all of the stocks in existence *if and only if* the stocks in
existence on March 14 are less than the 100 widgets produced on 3/14.

> And there are myriad other possibilities. (That's the beauty of
> reality, vs. models.)

In this illustration, we're not dealing with "reality". You have assumed,
for example, a one-commodity economy, one capitalist ("Mr. Moneybags"),
and no constant capital.

In solidarity, Jerry

PS: Alejandro R. -- you are correct! March 14 was the [115th] anniversary
of the death of Karl Marx. Do you, or others, know the answers to the
other questions in my post on "remembering a fallen comrade"?