[OPE-L:5022] Re: Re: Re: double divrgence

From: Allin Cottrell (cottrell@wfu.edu)
Date: Wed Feb 21 2001 - 19:42:40 EST

On Wed, 21 Feb 2001, Rakesh Narpat Bhandari wrote:

> >>  Wj = Kvj + svj
> >>
> >>  Wj: value
> >>  Kv: "cost price in value terms"
> >>  sv: surplus value
> >
> >Yes, that's my view.
> But Allin that's not correct since it implies
> (1) Kvj + svj => Wj

What's the symbol "=>" supposed to mean?  If it means direction of
determination than the equation above implies no such thing.

The _determination_ of value is: value of means of production (other
than labour-power) plus new labour-time.  Surplus value is the
residual: new labour-time minus value of labour-power (or at any rate,
minus labour-time embodied in wage-goods).

One can write this as Wj = Kvj + svj for ease of comparison with the
price of production formula, cost-price plus profit, without entering
into any untenable commitments on "adding up".


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