From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Thu Jan 01 2004 - 23:31:03 EST
Michael, I believe the issue is 'differential' ground rent, not absolute ground rent, with the more productive oil extracting capitalist operations earning an extra surplus value above those who are at the margin and only earning the prevailing surplus value corresponding to their capitalizations. Paul --On Thursday, January 01, 2004 6:46 PM -0300 "michael a. lebowitz" <mlebowit@SFU.CA> wrote: > Is the argument that the >> marginal wells (which I suspect are in the US) are receiving no rent of >> any kind--- ie., that the revenues they generate are purely the result of >> exploitation of oil workers? And, if so, are conclusions about the oil >> industry in anyway based upon the implicit assumption that the rate of >> surplus value in the oil industry is equal to that in industries >> elsewhere? *********************************************************************** RESEARCH IN POLITICAL ECONOMY, Paul Zarembka, editor, Elsevier Science ******************** http://ourworld.compuserve.com/homepages/PZarembka
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