Re: [OPE-L] wages of superintendence

From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Sat Nov 04 2006 - 13:33:04 EST

> But just think. If the wages of superintendence in production do not enter
> into the determination of the average rate of profit, and if unproductive
> labor should be counted as a deduction from profit, why then do Moseley
> and  Shaikh include it in the total surplus-value component of the gross
> output?
> In balance sheets, managerial/supervisory labour compensation figures as a
> cost.


All unproductive labour expenditures count as costs.  If all labour
which was counted as a cost in the balance sheets of firms was
counted as productive labour then there would be no unproductive
labour employed by capitalist firms.

In solidarity, Jerry

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