From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Tue Dec 09 2003 - 05:07:14 EST
--- Paul Cockshott <wpc@DCS.GLA.AC.UK> wrote: > > Whilst I have a lot of sympathy with Ajits position > since he is defending the conceptual integrity of > the idea of relative surplus value, I do think we > need an explanation of the relatively stable > wage share in national incomes. This is of course > quite different from a relatively stable rate > of surplus value, due to the effects of unproductive > labour. ________________ I agree with you, as i have indicated earlier to Mike, that we need to develop a robust theory of wages, which will be able to explain the relative stability of the wage share in the GDP, at least in the most of the Western capitalist economies. But the way Mike is going about it is to go nowhere. I think human capital issues may have an important bearing on this. Cheers, ajit sinha __________________________________ Do you Yahoo!? New Yahoo! Photos - easier uploading and sharing. http://photos.yahoo.com/
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