[OPE-L:5419] Re: Re: Re: Re: Re: Re: Re: turnover time and surplus value

From: Allin Cottrell (cottrell@wfu.edu)
Date: Wed Apr 25 2001 - 08:29:28 EDT

On Wed, 25 Apr 2001, Gerald_A_Levy wrote:

> Re [5415]:
> > > Perhaps I have misunderstood your point:
> > > do you consider unsold output to be part of
> > > c?
> > Yes
> You are implicitly assuming that the entire
> unsold output represents means of production.
> For firms producing output destined to be
> means of consumption, how does that unsold
> output represent constant capital?

Consumer goods waiting to be sold are also constant capital.  Consider
the stock on a retailer's shelves: circulating constant capital.

Semi-finished consumer goods likewise: they are in effect means of
production that will be used, along with additional labour, to produce
finished consumer goods.


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