At 17/04/02 00:04 -0700, you wrote:
>Whether that interpretation is corret or not depends on
>whether you are talking about Capitalism (in which case
>no) or Socialism (then prob. OK).
>
>The issue is credit and how it affect the general price
>level ... and thereby the puchasing poer of money.
>
>I think Marxism looks more at this "purchasing power"
>(ie value) as what money is - not money by itself.
>
>
>Chris Warren



> > The organic composition of capital is the measure of
>the exchange value of
> > currencies.

I am wondering if this is the wrong way round.

Perhaps it should be

The exchange value of currencies is the measure of the relative organic 
composition of capital.

Chris Burford




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