[OPE-L:5370] Re: turnover time and surplus value

From: Paul (clyder@gn.apc.org)
Date: Sat Apr 21 2001 - 09:10:07 EDT

On Fri, 20 Apr 2001, you wrote:
> Re Rakesh's [5367]:
> The question, though, is whether the magnitude
> of surplus-value *in the aggregate* is altered by
> turnover time.

Assuming the size of the working population, the working
day and the real wage are being held constant, obviously not.

A change in turnover time is just another way of saying that
there is change in the organic composition. It affects only
the rate of profit per person year of capital employed.

> Another related issue concerns the timing of
> the transfer of value and creation of  value and
> s.  Thus, if turnover time for the aggregate
> capital was reduced, would this alter the
> magnitude of s produced or only the *timing*
> of when s is created?


The thing that changes is the stock of work in progress
which counts as part of C.

> In solidarity, Jerry
Paul Cockshott

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