[OPE-L:6936] [OPE-L:428] Pure Circulation Costs

Chai-on Lee (conlee@chonnam.chonnam.ac.kr)
Thu, 11 Feb 1999 17:22:31 +0900

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Dear Comrades,

I have just finished my paper on "Pure Circulation Costs and Commodity
Values", as a prerequisite to my presentation on Marx's Theory of Money. I
already submitted to a journal, however.
If I characterize this paper in one-word, I distinguished between cost and
loss.
I showd several aternative solutions that treat the pure circulation costs
(PCC) as a loss (as a deduction from surplus value) can meet logical
contradictions.
I thus argue the PCC is not a loss but a social overhead cost, whose
meaning is explained in a separate whole section (Section 4). This creates
a deviation between the nominal and the real value of commodities.

I will welcome any comments or criticism.

Yours,

Chai-on

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