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

From: Philip Dunn (pscumnud@DIRCON.CO.UK)
Date: Sat Oct 01 2005 - 12:15:21 EDT

Quoting Gerald_A_Levy@MSN.COM:

> > 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

Hi Jerry

Value added is positive but value transferred is negative. So C'=0.  I have
dithering for a week over constructing a numerical example. I have finally done
it today.  It contains a table so I am putting it in an attachment. 

Philip Dunn

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