Re: Profit and Value, was: Re(2): [ox-en] extrinsic motivation = coercion

I'd agree with Franz but profit can be a "fixed" percentage, e.g. 10%,
above "median cost" (assuming a collective costing/pricing model is
used.. see 'p2p energy economy' for details)  .. This is in addition
to profit that can be achieved through lower-than-median cost of
production (due to higher efficiencies)

On Wed, May 6, 2009 at 4:54 AM, Franz Nahrada <[email protected]> wrote:
> Smari  writes:
>>We shouldn't need to ban usury. One of the core tenets of neo-liberal
>>price theory is that, in a free market competition will force profit to
>>zero. (see definition of 'normal profit' for more on this).
>
>
> that is very interesting, I never heard of that.
>
> If profit is zero, there will be no production.
>
> For me the best "proof" of the "labour theory of value" is simply the fact
> that there is production.
>
> If labour would not add value that can be turned into profit, there would
> be no capitalistic production, no transsubstantiation of money into means
> of production and labour force.
>
> This is - by the way - the ultimate solution of the riddle of the "proof"
> of value.
>
> therefore value is not "at cost", this is a big error. Nobody would
> produce for selling "at cost". And if we consider a non-market economy,
> the term "cost" makes no sense as well as the term "profit"...
>
> and we see that logically interest or usury are logical consequences of
> this process, not the other way round.
>
> Franz
>
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