[OPE-L] monetary macro interpretation

From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Sat Jun 03 2006 - 12:02:54 EDT

Marx implies that no more surplus value can be distributed during an
interval than is produced during that interval, but I think it would also be
possible to show that with credit facilities and the transfer of
product-value from one place to another, generic profit income realised
could exceed, or be less than, the surplus value produced during the same
interval. Consequently, even the most accurate macroeconomic aggregates for
added-value would offer only a quantitative approximation,, and the two
identities are only a modelling assumption, a theoretical generalisation,
but not ontological identities which are true by definition.


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