Re: [OPE] Just published: THE NATIONAL QUESTION AND THE QUESTION O F CRISIS (RPE, Vol. 26)

I think zmbrekas figures ring true as a time average for countries like the UK or US averaged over say 150 years. A higher rate over a long period would have driven the rate of profit much lower.

--- original message ---
From: "Dave Zachariah" <davez@kth.se>
Subject: Re: [OPE] Just published: THE NATIONAL QUESTION AND THE QUESTION OF CRISIS (RPE, Vol. 26)
Date: 24th November 2010
Time: 9:29:26 am



On 23 November 2010 16:43, Paul Zarembka <zarembka@buffalo.edu<mailto:zarembka@buffalo.edu>> wrote:
Paul Zarembka extends, theoretically and empirically, Marx's analysis of long-term capitalist
accumulation and shows that merely 10-15% of surplus value has been needed
for the accumulation occurring over the past 150 years.


I have yet to read your article, but I doubt that this statement could be made very general. E.g. For parts of Western Europe and especially Japan in the past, and China today, surely the figures were closer to 100%.

//Dave Z

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Received on Wed Nov 24 05:15:28 2010