From: Ian Wright (wrighti@ACM.ORG)
Date: Mon Jun 05 2006 - 13:48:19 EDT
Hi Phil > No typo. I am saying that leaving capitalists' consumption out of what > labour produces is equivalent to the real cost definition. The value of > capitalists' consumption is immortal in these circumstances. It just > goes round and round. Labour creates only the value of workers' > consumption. > > Similarly, if workers' consumption transfers to the commodity produced, > labour creates only the value of capitalists' consumption. The value of > workers' consumption is then immortal. I'm sorry but you'll need to expand on this because I don't understand. Not sure what you mean by "immortal" in this context either. In a circular flow no new surplus-value is produced, so in that sense labour-value is continually reproduced and "goes round and round". Best wishes, -Ian.
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