Surplus Value or Profit Income

[Bruce McFarling <ecbm@xxxxxxxxxxxxxxxxxxx>]

On Tue, 06 Nov 2001 13:43:43 -0500, Gunnar wrote:

>More generally, it now appears to me that the methodological
>point at issue - whether, in principle, 'surplus value' can
>arise within a system of economic relations such as that
>defined by Keynes in Ch. 6

Leaving aside that it is a point in theory about the system
under discussion, and not a point in theory about method
of study, so it is hopefully NOT a "methodological" point,
since if it is our method is having to much of a determining
influence in our conclusion for this particular point ...

Whatever does this have to do with surplus value?  That is
a different line of argument entirely.  This is about what
share of total output entrepeneurs are able to grab as a
residual of revenues over cost.

It is important not to conflate the two questions.  This could
cause as much confusion as treating Keynes' circular flow
as anything other than a circular flow of monetary exchanges.

--
Dr. Bruce R. McFarling, PhD
Bus. Office 1.72 -- (02) 4348-4078
School of Business
Faculty of the Central Coast
Newcastle University, Ourimbah