From: Ian Wright (wrighti@ACM.ORG)
Date: Tue Jun 06 2006 - 00:27:22 EDT
Hi Phil "New" was an infelicitous term. In the circular flow the surplus-value is constant: it is continually reproduced. All labour-costs go "round and round". I mentioned it because it seemed like you were perturbed by this property (your use of the term "immortal"). This made me wonder whether you had a more "dynamic" image in mind, in which the net product and surplus-value are "novel" or "new", such as to upset the circular flow. Perhaps you could clarify. > I have always thought that new value added and surplus value was created > in every turn round the loop. Yes, I agree. Best wishes, -Ian.
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