Shane Mage wrote: > And GDP, of course, does not consist of "value added" but of the value of > all final products.
According to NIPA (the national income and product accounts), these two (the sum of "value added" and the value of final products) should be exactly equal (except due to errors in measurement), where both are "gross," i.e., including depreciation costs. > ... Even if instead of GDP > you use NDP (excluding capital consumption as well as indirect business > taxes) you still are left with the > c component, in the form of the cost of unproductive labor--for Marx a > basic category and one which he insists must be paid out of the aggregate > product. if the wages of unproductive labor are "a basic category" for Marx, why doesn't he discuss them at any length in volume I of CAPITAL? I also couldn't find any reference to them in the index of volume II. -- Jim Devine / "When truth is nothing but the truth, it's unnatural, it's an abstraction that resembles nothing in the real world. In nature there are always so many other irrelevant things mixed up with the essential truth." -- Aldous Huxley _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
