A reply to OPE-L 3929. Paul Cockshott wrote: : I can accept that factors other than technology and the real wage : affect the average profit rate in the economy. : In this sense it varies independently of technolgy and the real wage. : : But this is not to deny that technology and the real wage : also contribute to the determination of the rate of profit. : Are you actually saying that real wages and technology do not : influence average profits? No, I meant it in your first sense -- technology and real wages are not the *sole* determinants of the average profit rate. Andrew Kliman
This archive was generated by hypermail 2b29 : Tue Oct 31 2000 - 00:00:07 EST