I would challenge the implicit assumption that surplus value is first produced and then redistributed. It might seem "intuitively obvious" that you can't redistribute something that doesn't exist yet but of course you can. You just distribute claims on future wealth creation. That's what capitalization is about.
So I have in mind a model where profit, interest and rent come first and then the imperative is to extract the surplus value corresponding with those claims. Of course the process is circular, so it would be difficult to point to a specific unit of surplus value going to a specific rent, interest or profit claim. On Tue, Feb 28, 2012 at 6:19 PM, michael perelman < [email protected]> wrote: > I have been teaching all day. My list would have been similar to > Jim's. Profit, interest, and rent redistribute surplus value. Your > question was interesting because it asked for an analysis of how that > redistribution takes place, which I have never seen worked out in > detail. > > On Tue, Feb 28, 2012 at 4:19 PM, Sabri Oncu <[email protected]> wrote: > > Dear All, > > > > Let me start with thanking Jim for taking my questions seriously and > trying to provide his answers. However, I am quite curious to know if Jim > is the only list member who took my questions seriously. Are there not > others here who have given some thought to such questions or do you think > such questions are irrelevant? > > > > Best, > > Sabri > > > > _______________________________________________ > > pen-l mailing list > > [email protected] > > https://lists.csuchico.edu/mailman/listinfo/pen-l > > > > -- > Michael Perelman > Economics Department > California State University > Chico, CA > 95929 > > 530 898 5321 > fax 530 898 5901 > http://michaelperelman.wordpress.com > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Sandwichman
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