In ope-l 4267 Alejandro Valle-Baeza wrote:
> The critic of Mandel to this is simple and (I think) correct:
>
> S(t+1)/S(t)=L(t+1)/L(t) s(t+1)/s(t)
> where S(t) is surplus value in time t
> L(t) is labor force in time t
> s(t) rate of surplus value in t, defined by: S(t)/L(t)
Alejandro Ramos:
Thanks to Alejandro Valle for his reply. I ask:
1. L(t) seems *variable capital*, not total living labor-force, as
suggested by the notation "L". Is it true? Strictly speaking, if these
magnitudes are measured in labor-time L(t) would be *necessary
labor* instead of *variable capital*.
2. I would write: S(t+1)/S(t)=[L(t+1)/L(t)]*[s(t+1)/s(t)]
Is this right?
3. Is this equation in Mandel's articles. Are these magnitudes
measured in labor-time? What does Mandel say about money-magnitudes?
Alejandro Ramos M.
3.3.97