On Jan 8, 2013, at 11:50 AM, Julio Huato wrote:
...to complete a theory of how S (gross profits, interests,
and rents) is determined...
Did you really mean to say *gross*, rather than *net* profits?
Gross profit includes costs, not of production but of overall
operations.
Those overhead ("faux frais") costs are defined by Marx
as"unproductive but necessary expenses" that have to be made up out of
capital and so count as "c" not "s." They also include capital
consumption allowances.
Following Marx, then, the phrase should read *S(net profits, executive
compensation, interests, and rents)*.
Shane Mage
This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures.
Herakleitos of Ephesos
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