[OPE-L:5108] valuation of constant capital

fred moseley (fmoseley@laneta.apc.org)
Fri, 23 May 1997 22:37:34 -0700 (PDT)

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This is a brief and appreciative response to John's (5069).

I said in (5068):

I think that one has to conclude, on the basis of the evidence and the
discussion thus far, that Marx himself assumed in Capital that constant
capital is valued in current costs.

John replied in (5069):

It was acknowledged.

I am sorry that I missed this prior acknowedgment and I appreciate its
explicit restatement.

I look forward to further discussions of the issues that John raises
concerning "moral depreciation", capitalist investment decisions, economic
lifetimes, etc.,
but I am afraid I will have to wait a few months until I have more time.