Date: Fri, 15 Dec 1995 05:25:43 -0500 (EST)
From: glevy-AT-acnet.pratt.edu
Subject: Value ... again


Juan asked John (paraphrase): in what units does one measure changes in 
the technical composition of capital?
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John answered Juan: "VALUE."
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Changes in the value composition of capital (VCC) can be measured in value 
terms as can changes in the organic composition of capital (OCC) -- since 
the OCC could be viewed as representing the dialectical unity of the TCC 
and the VCC.

If I understand John correctly, he is saying that the magnitude of the 
TCC can not be calculated directly but only through measuring the OCC 
since the OCC could be said to mirror changes in the TCC. Is this correct?

Jerry


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