[OPE-L:3007] Re: RE: Re: RE: Re: RE: Re: Defining accumulation

From: clyder (wpc@dcs.gla.ac.uk)
Date: Thu May 04 2000 - 04:56:34 EDT


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 Julian
> Revised version:
>
> On Monday evening the enterprise has:
>
> (a) spare capacity at its current rate of output
>
> (b) Monday's output of yarn, which when sold for 1100 replaces the
> circulating capital of 1000 needed for Tuesday's output at the same level
> as before, together with a surplus value of 100.
>
> (c) plans to increase output by 10 per cent on Wednesday.
>
> I agree that on Tuesday weavers must have 1100 capital in the form of
yarn;
> but isn't the point that at the same time the spinners only have 1000
> capital in the form of cotton etc.?
>
> There will be book-keeping entries related to both the 1100 and the
1000,
> but this seems to leave 100 unaccounted for in physical terms.
>
> What's the physical counterpart of the other 100 received by the spinner?

The physical counterpart is the extra 100 of yarn in the hands of the
weaver.



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