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re 5704
On the other hand, according to the cost-push theory of value (e.g. Adam Smith), an increase of rent would increase the price of agricultural goods, even though the labor-time required to produce the agricultural goods has not changed.
Fred, so in this case greater ground rent payments would increase the price of agricultural goods and thus reduce the mass of surplus value?
Yours, Rakesh
- [OPE-L:5694] Quality-Quantity-Levels, (continued)
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- [OPE-L:5694] Quality-Quantity-Levels, Geert REUTEN Wed 30 May 2001, 19:40 GMT
- [OPE-L:5700] total surplus-value in Marx's theory, Fred B. Moseley Thu 31 May 2001, 15:14 GMT
- [OPE-L:5701] Re: total surplus-value in Marx's theory, Rakesh Narpat Bhandari Thu 31 May 2001, 17:20 GMT
- [OPE-L:5704] Re: Re: total surplus-value in Marx's theory, Fred B. Moseley Thu 31 May 2001, 20:33 GMT
- [OPE-L:5706] Re: Re: Re: total surplus-value in Marx's theory, Rakesh Narpat Bhandari Thu 31 May 2001, 22:04 GMT