RE: [OPE] Understanding Value and Use-Value

From: Philip Dunn <>
Date: Tue Apr 28 2009 - 17:36:13 EDT

On Tue, 2009-04-28 at 13:20 +0100, GERALD LEVY wrote:

> Fixed costs, though, also present potential opportunities for
> workers. If there is a strike, the presence of fixed costs,
> including rent (and firm indebtedness, if there is any)
> means that the firm isn't merely not making money during
> the strike - they are actually losing money while there is
> a strike. This is a strong incentive to reach a
> settlement with the union or break the impasse in others ways
> such as employing strikebreakers.

Suppose there is a strike in the month of March.

Then v=0 since the workers are not paid.

But s=0 because s is due to exploitation and workers cannot be exploited
if they are on strike.

There is no production that month so sales attributable to that month
are zero.

In others words, c + v + s = 0

Therefore, c = 0

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Received on Tue Apr 28 17:43:20 2009

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