The tendency of earnings estimates to fall

Shane Mage shmage at pipeline.com
Tue Apr 3 22:24:35 PDT 2001


Doug asks:


>- an hour of labor is an hour of labor, but just what is a unit of
>capital? - but I really don't know what it means today.

According to Marx, a unit of capital is identically a unit, say an hour, of average socially necessary labor.

Shane Mage

"Thunderbolt steers all things."

Herakleitos of Ephesos, fr. 64



More information about the lbo-talk mailing list