From: Gerald Levy (glevy@lagcc.cuny.edu)
Date: Thu Feb 07 2008 - 09:18:25 EST
Hi Paul C and Alejandro A: "Depreciation of labour" may not be the exact phrase used by Marx in _Capital_, but there is a discussion of the "revaluation and devaluation of the variable capital" in Volume III, Chapter 6, Section 2. After explaining the release and tying-up of constant capital, he goes on to discuss variable capital later on in the section (beginning on p. 209 in the Penguin/Vintage edition). Note the reference to "moral depreciation" earlier in that same page. In solidarity, Jerry > To be sure one would have to look at the original french and then > compare the usage with what > was current in mid 19th Century french literature. > By the phrase 'depreciation of labour, I think Marx meant, in those > passages, a decline in the payment > to labour or a decline in wages. This is something different from a > depreciation of commodities below > their value. > It must also be born in mind that this is a relatively early text, and > his economic terminology at > this stage is not quite the same as he used later on in Capital. _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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