Re: (OPE-L) Ajit's paper (costs)

From: clyder@GN.APC.ORG
Date: Fri Jun 11 2004 - 09:21:51 EDT

Quoting Philip Dunn <pscumnud@DIRCON.CO.UK>:

> How is the above relevant? There is no need to suppose the price rises go on
> indefinitely.  Let them stop before they contribute more than negligibly to
> inflation.  The upshot will be that profit will have been made where
> replacement cost profit is negative.
> Phil

This would surely be a transfer from the capitalists who sold
the means of production. When one looks at the social totality
the replacement costs can not be negative.

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