From: Simon Mohun (s.mohun@QMUL.AC.UK)
Date: Tue Jan 06 2004 - 13:53:53 EST
Hi Jerry, You are quite right - my point 2 should have said 'comparisons of productivity and real wage rates'. Sorry for the confusion. Simon At 10:50 AM 1/6/2004 -0500, you wrote: >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 ---------------------------------------------------------------------------------------------------------------------------------------------- Simon Mohun Centre for Business Management, Queen Mary, University of London, Mile End Road, London E1 4NS, UK Tel: +44-(0)20-7882-5089 (direct); +44-(0)20-7882-3167 (Dept. Office); Fax: +44-(0)20-7882-3615 Webpage: www.qmul.ac.uk/~ugte154/ ----------------------------------------------------------------------------------------------------------------------------------------------
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