>>> <[EMAIL PROTECTED]> 06/10/00 12:26PM >>>
In a message dated 6/9/00 6:53:35 PM Eastern Daylight Time,
[EMAIL PROTECTED] writes:
<< don't think that I as suggesting that the origin of profit is in
exchange, but
in an economy dominated by monopolies profits will be higher than in a
competitive economy, ceterus paribus. >>
But doesn't that mean that the origin of SOME profit is in exchange,a s Marx
indeed suggests in the chapter on differential rent in CIII (hsi duisdcussion
of the waterfall)?
_________
CB: Marx says exchange-value originates in production, not profit. The higher profits
for monopolies is at the expense of the non-monopolies.
CB
