The tendency of earnings estimates to fall

[Justin Schwartz]

Right, but value isn't SV. SV is a portion of value. We are operating at 
different levels of the theory, no? Anyway, if we are going to be technical, 
SNALT is the measure of the _magnitude_ of value, right. So  it's really not 
right to say that a unit of SNALT is a unit of value, or even of SV, but a 
unit measure of its magnitude. --jks


>From: shmage at pipeline.com (Shane Mage)
>Reply-To: lbo-talk at lists.panix.com
>To: lbo-talk at lists.panix.com
>Subject: RE: The tendency of earnings estimates to fall
>Date: Wed, 4 Apr 2001 11:43:44 -0500
>
>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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