From: gerald_a_levy (gerald_a_levy@MSN.COM)
Date: Tue Jan 06 2004 - 10:50:07 EST
Hi Simon. In your response to Paul Z, you wrote: > There are 2 different issues here. > 1. I think of the rate of surplus value as an overall macroeconomic > category applying to the whole economy, and not applicable to individual > production processes. (But I know that many disagree with this.) > 2. Given 1, then the issue revolves round comparisons of productivity. Given 1, why does the issue then revolve only around productivity comparisons? If real wages are higher in one economy (compared to wages in another economy) then that will increase the proportion of paid to unpaid labor time and hence the proportion of necessary to surplus labor time which will reduce the production of relative surplus value, ceteris paribus. Consequently, productivity _and_ wage comparisons are required. We recently had a discussion, initiated by Mike L, about this issue. In solidarity, Jerry
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