Fred: I suspect Julio would argue that the basic marginal analysis is in physical terms and, as you so convincingly argue in your papers, surplus value under capitalism is measured in money/ the money of account. since land and physical capital are use values their physical marginal product isn't produced by labor and therefore can accrue to their owners. In exchange value terms labor produces all exchange value added and therefore labor is exploited while capitalists and property owners gain surplus value. or perhaps I'm totally off.
-- -Nathan Tankus -----------------------------------------------------------------------------------------------------------------------------------------------
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