On Nov 5, 2010, at 1:43 PM, D. T. Cochrane wrote:
>
> If that is so, what is the meaning of 'accumulation'?
capitalization of surplus value
> What precisely is 'accumulated'?
socially necessary labor-time crystallized in durable material form
> How is it to be measured?
in hours
> What is the meaning of production?
transformation by labor from potential to actual
> How do we measure productivity?
in units of "real product" (dated labor-time) per current hour of
labor-time
> How do we identify productive and/or unproductive labour?
labor alienated to capital for purposes of production (including
physical distribution)(labor with positive marginal productivity) is
productive.
labor not alienated to capital, or labor alienated to capital for
purposes not affecting immediate production but needed for the overall
system (overhead cost) is unproductive.
> What is the relationship between production and financial values?
the process of capitalist production taken as a whole
> What is capital?
accumulated surplus value
Shane Mage
"All things are an equal exchange for fire and fire for all things, as goods are for gold and gold for goods."
Herakleitos of Ephesos, fr, 90