From: Michael Perelman (michael@ECST.CSUCHICO.EDU)
Date: Thu Nov 07 2002 - 12:51:15 EST
I agree with you 100%. My question had to do with the consequences of debating the minutae. On Thu, Nov 07, 2002 at 09:46:58AM -0800, Rakesh Bhandari wrote: > Michael P writes in 7959: > > >Could someone tell me what the political consequences of this question > >might be? > > Michael, if my interpretation is correct, then Marx invented the OCC > in order to abstract from those upward changes in the VCC that result > from the depletion and consequent rising prices of natural resources, > i.e., from organic chemistry. Which is not to say that the VCC may > not rise and the rate of profit fall for quasi Ricardian reasons of > organic chemistry as you and Jim O Connor have long argued. It is to > say that Marx meant to abstract from them in his thought experiment. > Yours, Rakesh > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael@ecst.csuchico.edu
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