From: paul cockshott (clyder@GN.APC.ORG)
Date: Mon Mar 19 2007 - 12:41:12 EDT
Ian Do you mean it is unclear in practice, due to the variety of mechanisms by which production is funded, or that it is unclear in theory, due to some intrinsic problem with the concept "stock of money-capital"? ---- The latter is what I mean. Since money consists in the main in mutual debts there is a big Problem with how to define its stock. Conservation of money is incompatible with capitalist extended reproduction And with the specifically capitalist form of money - bank money.
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