Re: 'Capital' is right; George is wrong

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxxxxxx>]

Fixed capital is not one of Marx's categories. It is a bourgeois political 
economist's
category. Marx's categories are constant and variable capital. The constant 
capital is
means of production , which are bought in the form of commodities. Variable 
capital is
labor-power, which is also a commodity , the signal commodity in the capitalist 
mode
of production.

CB

>>> Ambrose Andrews <ambrosea@xxxxxxxxxxxxx> 03/12/00 09:10AM >>>
on 12/3/00 5:20 PM, George Pennefather at poseidon@xxxxxxxxxx wrote:

> Look Philip
>
> Once the factory is bought and is being used as a factory it is no longer a
> commodity. It
> is capital in the form of fixed capital. It is no longer capital in the form
> of a
> commodity.

whatwhat?

so is a commodity only a commodity before it is exchanged?

or is it only a commodity at the instant it is exchanged?

what are you saying here?

The value embedded in the fixed capital is still there -
it transfers itself to the commodities produced with the
fixed capital until the death of the machine.

I don't see how this line furthers your suggestion that
Marx should not have started his analysis with the
analysis of the commodity.

  -AA.