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[OPE-L] 'advancing' money

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> Marx argues that the workers give free credit to the capitalist!
 
Hi Chai-on,
 
Good point,  but _within Marx's period analysis_ there must be M advanced
for MP and LP _before_ there can be production.  To the extent, _in
practice_, that wage-workers make an 'advance' to capitalists then it takes
the form of labor activity not money.
 
> If a capitalist starts his business with borrowed money, does he
> advance nothing at all?
 
I'm not sure I understand the question.  Even with borrowed money,
capitalists must still as a condition for production in the next period
(within the formula C - M {MP; LP} ... (P) ... C' - M') advance
(the borrowed) money.
 
In solidarity, Jerry
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