[OPE-L:1211] Re: determination of constant capital

Paul Cockshott (wpc@clyder.gn.apc.org)
Fri, 23 Feb 1996 15:33:32 -0800

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However, the simultaneously determined input = output value of period
2 equals 0.6, so that c is transformed into 30, v is transformed into
18, s is thus transformed into 30 - 18 = 12 and the profit rate is
transformed into 12/(30+18) = 250nce again.

Now THIS is a REAL "transformation problem."

As I post I've just sent shows by means of a similar numerical example,
this problem is NOT a matter of mere accounting. The relations of
determination differ when valuation is simultaneous and when it is

Why is this not an accounting problem. Working on current costs
the firm is still making a profit on current account. Taking
into account stock depreciation it has made a loss on its capital
account. Is this not a fairly standard accountancy issue?