Re: [OPE-L] Capital reproduction theories and the facts

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Sat Sep 09 2006 - 16:54:11 EDT

 Jurrian wrote

It is very difficult to estimate any meaningful national "stock value"
net financial assets, but arguably it is larger than the stock of
assets. Of course, in part the financial assets refer to claims on
assets. Financial claims I think are not just information, but tradeable
values (though not labor-values in Marx's sense, because these apply to
product-values - at most financial claims can be *expressions or
representations* of product-values.

We know the net stock of financial assets with great precision.

It is zero. 

To every financial asset there is an equal and opposite financial
liability. The integral over the lot will always sum to zero.

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