Date: 	Fri, 15 Dec 1995 03:17:29 -0300
From: jinigo-AT-inscri.org.ar (Juan Inigo)
Subject: Re: More Value in Value?


John Ernst writes:

>I never accepted what you said with respect to the technical
>composition of capital.

John, since you still say that you can construct a model of the falling
rate of profit on the basis of measuring the change in the technical
composition of capital,

Wouldn't you please, please, tell me

in units of what (or if you prefer, in what units) do you measure the
technical composition of capital in the unequivocal way that constructing a
model requires?

Isn't this a simple, direct, concrete question that demands a simple,
direct, concrete answer saying "the unit is ..."?

It is even simpler, since hours of materialized labor or measures of the
weight of machines have already been dismissed for substantiated reasons.
To make things even simpler yet, I will add now that any reference to a
percent or relative calculation is out of the question since it requires a
previous measurement in some concrete common unit. Only then, the measure
can be expressed on a relative or percent base. But as long as this
concrete unit goes on being a mystery ...

You can bet I will not get the simple concrete answer the question demands.

Juan Inigo
jinigo-AT-inscri.org.ar



     --- from list marxism-AT-lists.village.virginia.edu ---

     ------------------