Date: Tue, 30 Apr 1996 17:49:53 -0400 (EDT)
Subject: Re: Unproductive labor


Justin wants to know where he went wrong: he didn't distinguish between 
labor productive of value and surplus value and labor required for the 
rewalization of surplus value. Both types of labor are required from the 
standpoint of both the individual capitalist and aggregate capital, but 
they are nonetheless distinguished by their function *for* capital.

If we eliminate the distinction between productive and unproductive 
labor, amongst other things, we have no way of either tracing the flow of 
surplus value (and its possible conversion into capital) or measuring 
surplus value.

Jerry


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