Re: [OPE-L] monetary macro interpretation

From: Rakesh Bhandari (bhandari@BERKELEY.EDU)
Date: Sat May 27 2006 - 11:22:20 EDT

>In the following you assert that "each and every worker produces
>surplus-value"  and that the "average worker" (which "represents
>all workers together") produces surplus-value.  This is a very odd
>formulation -- especially from you -- since it assumes that all labor
>performed by workers is productive of  surplus-value

wow Jerry you really nailed Fred; how dare he not say each
and every productive worker or average productive worker!
What a relevant criticism of  his response to my questions
about Lexis' apparent ideas about
the reality of class subjects and the irreducibility of certain
macro phenomenon!

Thanks again for being part of the conversation. As usual you have
clarified my thinking and pointed me to the essential points.

Keep the posts coming; why not increase them to, say, 175 a day?

Comradely, Rakesh

>(i.e. productive
>labor as a proportion of the total labor equals 100%; unproductive labor
>as a proportion of the total labor performed by wage-workers equals 0%).
>Yet, in some of your published writings you emphasize the importance,
>and the growing importance, of unproductive labor in relation to the
>process of  capitalist accumulation. Ce' pasa?
>In solidarity, Jerry
>>  Each and every worker produces surplus-value.  The quantity of
>>  surplus-value produced by each worker (Si) is determined by the surplus
>>  labor of each worker (SLi), as follows:
>>          Si  =  m SLi  =  m (CLi - NLi)          (CL is current labor)
>>                                                  (NL is necessary labor)
>>  The total surplus-value produced by the working class as a whole is
>>  determined by adding up the surplus-value produced by each individual
>>  worker:
>>          S  =  sum (Si)
>>  This total surplus-value is subsequently divided into individual parts:
>>  average industrial profit, commercial profit, interest, and rent.
>>  One could also say that the individual worker analyzed in Volume 1 is the
>>  average worker.  Then the total surplus-value would be determined by:
>>          S  =  n Sa
>>  The average worker represents all workers together.  The average worker is
>>  the average of all workers.

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