[OPE-L:5027] Re: Re: Re: Re: Re: Re: double divrgence

From: Rakesh Narpat Bhandari (rakeshb@Stanford.EDU)
Date: Thu Feb 22 2001 - 01:20:53 EST

re 5024:

>On Wed, 21 Feb 2001, Rakesh Narpat Bhandari wrote:
>>  Then if the "Wj=kvj + svj" equation does not represent the left side
>>  being determined by the right side, what does it represent?
>It represents the left side being equal to the right side, last time I
>checked.  The equation in itself says nothing about determination. You
>might as well accuse Marx of having an adding up theory because he
>writes value = c + v + s.  It's the exact same thing ("kvj" = c+v).

Value is *resolved* into cost price (c + v) and surplus value (s). 
Modifying Ricardo, Marx argues that value is the primary, basic 
magnitude that breaks down (or resolves) into cost price and surplus 
value. But value is *determined* as Lmp + Lc. Keeping this in mind 
allows one to remember the different meanings implicit in the equals 
sign. In specific contexts, it represents a relation of 
determination; at other times, a relation of resolution.

Yours, Rakesh

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