[OPE-L:3546] Re: Productive and Unproductive Labour

Duncan K. Fole (dkf2@columbia.edu)
Mon, 28 Oct 1996 07:50:48 -0800 (PST)

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In reply to Paul's [OPE-L:3544]

>Of course one can not forget wage costs as a flow but they are small as a stock
This is an empirical matter, and I wouldn't be quick to prejudge it. The
stock of v is accounted for in capitalist books as part of the value of
inventories of goods in process (since wage costs have to be assigned).
This category is not negligible itself, and I suspect that research would
show a significant proportion of it represents wages.


Duncan K. Foley
Department of Economics
Barnard College
New York, NY 10027
fax: (212)-854-8947
e-mail: dkf2@columbia.edu