(OPE-L) Re: Unproductive Labour

From: gerald_a_levy (gerald_a_levy@MSN.COM)
Date: Mon Nov 24 2003 - 09:47:55 EST

Hi Phil.  You wrote:

> If money is an equivalent then there must be an equality such as:
>  the value of the procuded commodity = the value of the money it sells for
> Price value deviations are therefore impossible.

This is the case only in the aggregate abstracting from temporal and
spatial deviations.

> Surplus value (in hours) is
> equal to profit in dollars times the value of money (hours per dollar).
> There can be therefore no transfer of surplus value among capitalist
> firms.

Again, this is an equality that only holds in the aggregate.  If we look
at individual firms and competition, we can observe a different process
at work, e.g. the  transfer of surplus value through rent and, with it, a
major reason for technological change by individual firms.  I would
suggest, also, that the effect of advertising can be analyzed through
the subject of rent.

> In view of this, why should I read Volume III?

You want me to give away the whole plot?

In solidarity, Jerry

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