Ajit Sinha writes:
The question of productive and unproductive labor should be settled on the
>economy level and not at the individual capitalist's level.
I agree with that, because I am interested in the way profits and wages are
statistically accounted for macro-economically - and if Fred Moseley is
correct, then the distinction between productive and unproductive labour
makes a very big difference to how we understand real profitability in the
Note however in his examples Paul Cockshott has taken the transactions
between different sectors (intermediate between the economy as a whole and
the individual capitalist).
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