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

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2009/5/6 Stefan Seefeld <[email protected]>

> 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
[email protected]
NO FUNCIONA->dsa-AySywPH+/[email protected]


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