From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Sun May 11 2003 - 18:44:36 EDT
--On Sunday, May 11, 2003 2:23 PM -0700 Rakesh Bhandari <rakeshb@STANFORD.EDU> wrote: > ...Marx, like Ricardo, conceives of the > quantity of labor as a composite element, the components being (see > Riju Mishra The Development of David Ricardo's Theory of Value) > (a)the quantity of immediate/direct labor and (b)the past/stored up, > indirect labor (see Principles, chapter 4). Yet Marx distinguishes himself from Ricardo by saying that Ricardo "only distinguishes capital as 'accumulated labor' from 'immediate labor'. And it is something purely physical, only an element in the labor-process, from which the relation between labor and capital, wages and profits, could never be developed." (Marx, TSV, Vol. 2, p. 400). Paul *********************************************************************** "Confronting 9-11, Ideologies of Race, and Eminent Economists", Vol. 20 RESEARCH IN POLITICAL ECONOMY, Paul Zarembka, editor, Elsevier Science ******************** http://ourworld.compuserve.com/homepages/PZarembka
This archive was generated by hypermail 2.1.5 : Mon May 12 2003 - 00:00:01 EDT