Re: [OPE-L] The Accountant in End Times

From: Gerald_A_Levy@MSN.COM
Date: Sat Oct 01 2005 - 08:43:57 EDT

> Consider a simple model with traditional agriculture. At the beginning
> of the final period there is a positive physical stock of corn. At the end
> the physical stock is zero, as is its value, and no corn has been sold.
> However, labour has been performed and value added is positive and
> must be equal and opposite to the value of the opening stock of corn to
> give zero sales and closing stock.

Hi Phil:

Why, in this example, is value added positive if the physical stock of
corn is zero at the end of the period and  therefore no corn is sold?
Although value is put into the production process and labor is
performed,  that doesn't  necessarily mean that value added is positive.
For new value to be constituted a necessary condition is for the
commodity product to have a use-value since if there was no UV
then there would be no EV and no V. But, if there is no commodity
product, how can it (i.e. that which does not exist) have UV, etc.?

In solidarity, Jerry

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