# [OPE-L:4041] RE: Re: RE: Re: RE: Re: transforming the inputs

From: Chai-on Lee (conlee@chonnam.ac.kr)
Date: Thu Dec 31 1998 - 14:06:08 EST

Dear Allin,

You siad,
-----------------
In all the tables after I said "We continue
the iteration..." I conceive of *all* the c, v and s figures as
being expressed in prices of production.
-------------------------------------------------
If s figures are also expressed in price of production terms, that is correct.
But you have to admit at the same time that the commodity values can be expressed in prices of production terms.

You said:
----------------------
The v figure I calculate "drifts" away from the original v in value terms
because I'm revaluing the wage-goods at prices of production.
The aggregate s figure stays fixed at 200, not because it is
expressed (inconsistently) in value terms, but because, in the
context of my discussion with Rakesh, I'm imposing Marx's
postulate that total profit remains equal to the original total
surplus value throughout.
------------------------------
You keep the equality between total s and total profit throught the iteration process, then what do you achieve in the result?
If the result is the equality between the total s and the total profit, what the iteration process is for? You returned to the starting point. The premise was that total surplus value equals total profit. The result of the iteration was that total surplus value equals total profit.

Even the alternative is also returning to the same premise.
The premise was that the total prices does not deviate from the original total values
(875 in the example). The result was also that the total prices does not deviate from the original total values
The iteration method did nothing after all.

In marx's original procedure, he started from total surplus value = total profit and arrived at the other equality between total price and total value, in which sense his method was meaningful whether his method was right or wrong.
If something was to be useful, it must not return to the same starting point.

My alternative solution should be given later..

Yours

Chai-on

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