The tendency of earnings estimates to fall

Shane Mage shmage at pipeline.com
Wed Apr 4 09:43:44 PDT 2001


Justin: capital, according to Marx, is accumulated surplus value.--sm


>Shane, that is a unit of value, but of capital? You don't need capital_ism_
>(wage labor, classes) to get value, just markets. The initial model of the
>commodity in CI is a pure market model. --jks
>
>
>>
>>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
>>
>>
>
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