======================================================================
Rule #1: YOU MUST clip all extraneous text when replying to a message.
======================================================================
The Abstract of the paper:
A demonstration of a Marxist general theory of rents—a labor
theory of rents, i.e. that a ‘rent’ exists wherever and whenever
there is a divergence of any of the forms of exchange-value from
the underlying value of a commodity—with a short study of a
‘currency rent’ born out of the existence of a single-currency as
the legal tender across the diverging economic landscapes of the
European Union. Monetary measures (e.g. devaluation) that might,
prior to the Euro, have helped to smooth out trade balance
differences are no longer in existence as control of national
currencies has been ceded to the ECB authorities. The
non-existence of these foregone measures thereby acts as a
‘virtual rent’ giving strong exporting countries (esp Germany) a
masked additional (surplus-)profit.
http://marxmail.org/German_Currency_Rent.htm
________________________________________________
Send list submissions to: Marxism@greenhouse.economics.utah.edu
Set your options at:
http://greenhouse.economics.utah.edu/mailman/options/marxism/archive%40mail-archive.com
