Wednesday, December 19, 2018
Monday, December 17, 2018
Co ops remedy to exploitation?
No ......the FIRE SECTOR
MUST BE FULLY SOCIALIZED
Re call the formulation
Associated producers
LIKE THE D OF P
VERY MUCH A FLESHLESS SCHEMATIC
Friday, December 14, 2018
Wednesday, December 12, 2018
Two channel earned income with two sources : market wage and social wage
USWR
universal social wage rate
Try here say
5 dollars an hour
For 20 hours a week
100 dollars a week max
Say 1000 hours a year times
175 million wage earners
Under a trillion buck program
No big deal really
universal social wage rate
Try here say
5 dollars an hour
For 20 hours a week
100 dollars a week max
Say 1000 hours a year times
175 million wage earners
Under a trillion buck program
No big deal really
Tuesday, December 11, 2018
Marxist value theory and the marginalist revolution
Does marginal cost pricing
Free to vary from average cost
Conflict
with classical
average cost plus pricing
Of course it does
With increasing unit productivity
And falling unit cost
A capitalist firm
is constrained by break even prices
Or it bleeds red ink unto death
On the other hand
Demand constrained markets
By definition
Are pricing above marginal unit cost
If the goal is simple operating profit max
Marginal Unit COST
c (q) = FC /Q + vc (Q)
q = marginal unit sold
Q = total units sold
FC = fixed costs
c(q)< price
Free to vary from average cost
Conflict
with classical
average cost plus pricing
Of course it does
With increasing unit productivity
And falling unit cost
A capitalist firm
is constrained by break even prices
Or it bleeds red ink unto death
On the other hand
Demand constrained markets
By definition
Are pricing above marginal unit cost
If the goal is simple operating profit max
Marginal Unit COST
c (q) = FC /Q + vc (Q)
q = marginal unit sold
Q = total units sold
FC = fixed costs
c(q)< price
Social security data wage rate and hour tracker
Right now we should have a complete output of wage data
Location mapped and time stamped to process in real time
Let's drop the inate tendencytoward ultra rapid
unitary product price and wage rate models
That assume what markets need to prove to us
Location mapped and time stamped to process in real time
Let's drop the inate tendencytoward ultra rapid
unitary product price and wage rate models
That assume what markets need to prove to us
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