Would this smal,l friendly amendment work, comrade Jim?:
On 10/28/2012 7:10 PM, Jim Devine wrote:
you might want to mention that in Marx, such numerical examples are for a single worker or bunch of workers who represent the average worker for all of capitalist society, while McD's is like Marx's "Moneybags," representing the average capitalist. When we talk about averages (or abstract from differences within each of the two main classes), then the "labor theory of value" works exactly, so that total McD revenue = C + V + S measured in either money or labor-time (value).*It's only when heterogeneity within each of the classes is introduced that prices deviate from values.*
Aren't there a great many ways that irrationalities in capitalism introduce deviations of price from value? Isn't that one of the ways you can see how failing to solve the Transformation Problem in Das K was less an indictment of Marx - and more an indictment of a capitalist system that regularly directs investment capital into places that are suboptimal (or often counterproductive) from the standpoint of generating surplus value? (Like rentier activity, or excessively capital-intensive production?)
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