Re: [OPE-L] wages of superintendence

From: glevy@PRATT.EDU
Date: Mon Nov 06 2006 - 13:09:26 EST

> In balance sheets, managerial/supervisory labour compensation figures
> as a cost.


Another thought:  if you want unproductive expenditures (U) to be
treated like other costs from an accounting perspective, instead
of  treating them as (following Marx) a deduction from surplus value,
then you are free to change the formula for the average rate of profit
along the following lines:

R    =     -----------------
             C +  V + U

In solidarity, Jerry

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