[OPE-L:7933] Re: relation of value to organic composition of capital

From: Andrew Brown (Andrew@lubs.leeds.ac.uk)
Date: Wed Nov 06 2002 - 12:11:15 EST

Re 7927:


> I dont see that the OCC can really be any different from the VCC
> since it is measured in value terms.

Perhaps both my own and Simon's post help to make this clear? 
(Though having read Jerry's latest, perhaps not!)

> The TCC is ill defined, there is no procedure by which one can
> measure it. If one views it as a scalar
> how can one say when it has changed?
> If it is a vector one can say when it has changed, but the
> ordering relation on TCCs becomes partial.
You are right that the TCC cannot properly be compared across 
time or place. Nevertheless one would want to be able to say that 
as capitalism progresses labour saving technology is the norm, 
which is equivalent to saying that the TCC rises. Marx uses the 
phrase 'mass' of means of production thus one could measure the 
vector of means of production by literally commensurating in terms 
of mass but this is crude at best. Simon suggested an index in 
terms of constant prices of the means of production. But this rather 
goes against the 'spirit' of Marx's TCC notion which is supposed to 
be independent of value altogether. Previously, I termed the OCC 
an 'index' of the TCC. However, in light of your point, I would want 
to modify this to call the OCC a 'value-assessment', or 'value-reflex' 
of the TCC (Alfredo uses these latter terms). This indicates that the 
OCC does more than merely reflect a pre-given and well-defined 

Jerry, I agree with Simon, except that I wouldn't use a price index 
at all when considering the TCC, as explained above.

Many thanks,


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