[OPE-L:950] Re: Pure and Normal

Paul Cockshott (wpc@clyder.gn.apc.org)
Sun, 4 Feb 1996 15:29:14 -0800

[ show plain text ]


Since it remains the case that capitalist exploitation may exist without 
the capitalist mode of production, both
on the authority of Roemer's formal argument and Marx's oft-repeated 
historical argument, and that such exploitation *necessarily* involves 
the non-equivalence of prices and values, 

Paul ---- Usury does not involve non-equivalence of prices and values since it is a purely monetary transaction.

Mercantile profit depends on the existence of different relative prices in different countries, something which is outside of the scope of analysis in Vol I.

Where is your necessity?