[OPE-L:3652] Re: Monetary expression of value

andrew kliman (Andrew_Kliman@msn.com)
Mon, 11 Nov 1996 00:29:37 -0800 (PST)

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I did not understand a couple of comments Duncan made in ope-l 3649:

"The TSS definition of the mev does not appear to be consistent with the
conservation of living labor time in the value added realized on the market.
As a corollary, it does not seem to be generally consistent with the
quantitative equivalence of surplus value realized on the market with unpaid
labor time."


"I think it is a mathematical theorem that any definition of the mev which
conserves living labor time in value added and unpaid labor time in surplus
value will be equivalent to the New Interpretation definition."

What does "conservation of living labor time in the value added realized on
the market" mean? Why isn't the temporal conception of the MEV consistent
with this? Doesn't this all depend on what one means by "value added"? What
does "realization on the market" have to do with the issue? Aren't you
concerned with the value *produced*?

"What exact content does the TSS interpretation give to the assumption of a
quantitative equivalence between value produced and labor time?"

What do you mean by "exact content"? Are you asking for a textual
justification, a theoretical justification, an equation?

Andrew Kliman