Date: 07 Mar 96 03:24:54 EST
From: "Chris, London" <100423.2040-AT-compuserve.com>
Subject: Value pump


Hugh asked me for the reference to the schoolmaster. It
supports an ancillary aspect of Hugh's model, that
commodities can be non-material.

"If we may take an example from outside the sphere of production
of material objects, a schoolmaster is a productive labourer,
when, in addition to belabouring the heads of his scholars,
he works like a horse to enrich the school proprietor."

Capital 1, Part V, Chapter XVI, Absolute and Surplus Value,
3rd paragraph.




I am glad further people are coming in on Hugh's 
interesting model. While I think there are problems
with his metaphor, I am very sympathetic to 
a renewed attempt to understand Marx's economics
as an overall system, and not just the subject
of detailed scholarly debates about 
"the transformation problem".


Chris
London.


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