[OPE-L:843] Re: Revaluation of inputs

Paul Cockshott (wpc@clyder.gn.apc.org)
Wed, 24 Jan 1996 13:46:31 -0800

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Why does the revaluation of existing stocks create value in the same
sense that the production of new commodities does?

The use of the word create is the problem. Value is the amount
of labour required to create commodities. The production of
commodities does not create value, it reveals how much value
is required to create commodities.