From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Tue Jan 08 2008 - 10:57:41 EST
Paul,
Accumulation of capital is an increase number of wage laborers and thus the
value produced by wage laborers.
Increase of constant capital is not a subset of 'accumulation of capital'.
Paul Z.
--On 1/8/2008 3:52 PM +0000 Paul Cockshott wrote:
> That is a distinction without a difference. What is the difference
> between and increase and an accumulation?
>
> -----Original Message-----
> From: OPE-L [mailto:OPE-L@SUS.CSUCHICO.EDU] On Behalf Of Paul Zarembka
> Sent: 08 January 2008 15:51
> To: OPE-L@SUS.CSUCHICO.EDU
> Subject: Re: [OPE-L] glossary for V1 of _Capital
>
> --On 1/8/2008 3:45 PM +0000 Paul Cockshott wrote:
> ...
>> When however the reserve armies of labour are exhausted,
>> the accumulation of capital becomes over accumulation and can no
>> longer follow an exponential law, instead of the capital stock growing
>> exponentially it grows linearly, with the concomitant of a declining
>> rate of profit.
>>
>> If you say that there is no accumulation of capital in the latter
> case,
>> what then are we to call the stock of means of production that
>> accumulates, if it is not an accumulation of capital what is it?
>
> Increase in constant capital, Paul. Paul
>
>
> ************************************************************************
> (Vol.23) THE HIDDEN HISTORY OF 9-11-2001 -- U.S. softcover forthcoming
> video summary from Snowshoe Films at http://snowshoefilms.com
> (Vol.24) TRANSITIONS IN LATIN AMERICA AND IN POLAND AND SYRIA
> ********************* http://ourworld.compuserve.com/homepages/PZarembka
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************************************************************************
(Vol.23) THE HIDDEN HISTORY OF 9-11-2001 -- U.S. softcover forthcoming
video summary from Snowshoe Films at http://snowshoefilms.com
(Vol.24) TRANSITIONS IN LATIN AMERICA AND IN POLAND AND SYRIA
********************* http://ourworld.compuserve.com/homepages/PZarembka
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