From: Paul C (clyder@GN.APC.ORG)
Date: Thu Apr 22 2004 - 16:22:40 EDT
Gerald A. Levy wrote: > > >Another point, which I suggested earlier, is that if v is measured in >nominal prices (which it is, right?) then an increase in the size of >v can not be used to necessarily infer an increase in the quantity >of workers who are productive of surplus-value since when there are >increasing nominal wages for productive laborers a given amount of >v will employ less wage-workers. > > Since v is a flow of value per annum, it has dimension person hours per year, by cancelling we get that its dimension is persons - thus the flow measure of v is given in full time person equivalents.
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