Re: [OPE-L] monetary macro interpretation

From: Rakesh Bhandari (bhandari@BERKELEY.EDU)
Date: Thu Jun 08 2006 - 16:23:11 EDT

The question is how the total mass of surplus value is distributed--
according to a uniform rate of exploitation rule (so that s/v is
uniform through the economy)
or a  uniform profit rate rule  (so that s/c+v is uniform across branches).

There is no transformation from the economy governed by the first rule
to an economy governed by the second rule, from surplus value
to profit.

  Both rules determine ways in which the mass of surplus value could
be distributed
once it has been produced at an irreducibly macroeconomic level.

There is simply no transformation problem.
Marx was wrong to suggest otherwise.
This seems to be what follows from Lexis' interpretation.

Allin and Paul seem to have presented evidence that surplus value is
distributed in accordance with neither and both of these rules.

How surplus value is distributed is a matter for the study of competition,
and it is of course exceedingly complex especially if we look at
international trade.

There is surely no one simple
rule (or as the post Althusserians would say essence) that controls
its distribution.

But for Lexis the point seems to be that the mass of surplus value is
determined at an irreducibly  macro level and then distributed in an
complex way downward.

He has a very intriguing position with interesting ontological
implications, no?


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