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There is capital and there is capital goods. Don't get smart on me, you know the difference between factors of production and products.

Also, just because labour and capital have a price doesn't mean they are goods... Unless you're going to commoditize everything conceptually. Maybe money is a commodity, but labour is not.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Wed Jun 14th, 2006 at 06:11:12 AM EST
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Labour is a service provided by workers.  It's not a good.  When we talk about a labour surplus, we're really talking about a surplus of people who can provide a given service.  However, I disagree with you on capital.  You can draw a distinction between capital and capital goods, but I don't see the point.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Wed Jun 14th, 2006 at 09:58:23 AM EST
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