Re: Profit and Value, was: Re(2): [ox-en] extrinsic motivation = coercion
- From: Diego Saravia <diego.saravia gmail.com>
- Date: Thu, 7 May 2009 08:12:46 -0300
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2009/5/6 Stefan Seefeld <seefeld sympatico.ca>
Smári McCarthy wrote:
Profit != benefit. All work and produce thereof is, we can imagine, in
some way beneficial. However, profit comes only when the value of the
product is higher than the cost of production. If I try to profit from
you, I am trying to get from you more than what I am offering is worth.
The value of what you are offering is contextual. It is worth something to
you, something different to someone else. There is no one global measure
that can be applied.
mmm, in marxian terms, yes. you can measure value by work used to produce it
and in value terms (not price) you always win, because there is no negative
work
value is measured in time units.
so, you have a growing economy which always generate value and distribute
it
non equilibrium at all.
value is exactly the cost of production in terms of value :) (i am not
speaking about prices or money profit)
In a free market, price theory says (which is, as Diego correctly points
out, an equilibrium theory, but equilibriums occur naturally in the
absence of external "coercive" influence), the ability of any player to
profit from another is decreased by the ability of third parties to
compete. If the market is free, competition (or, better, cooperation) is
on equal ground, and profit is driven to zero.
you can have equilibrium of several forces too
but in normal growing economy, you always adds value.
each minute
population increases
capital increases faster
This in itself is already a myth. In a true equilibrium (if that would
exist) there wouldn't be any exchange.
you could have equilibrium if you consume the same you produce, nor capital
accumulation, nor population grow, you can have exchange (see about
thermodinamical equilibrium below)
you can have profits, exploitation and rent under that equilibrium as marx
showed, but thats another history.
In that system if you do not have profits yo do not have expoitation, nor
rent
very boring economy
Of course, there is no equilibrium. We are living in a world of massive
consumption, producing a lot of waste.
So trying equilibrium-based theories is doomed to fail.
ok, thats another stuff, economic equilibrium do not mean "thermal"
equilibrium, or "chemical equilibrium"
in physiscal or thermodynamics terms an "economy in equilibrium" is not an
equilibrium system but a stable system
so we have diferent meaning for the word equilibrium in thermodynamics and
economics
Its impossible to have an economic system at all (nor life) in thermodynamic
equilibrium
--
Diego Saravia
Diego.Saravia gmail.com
NO FUNCIONA->dsa unsa.edu.ar
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