>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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>
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