From: gerald_a_levy (gerald_a_levy@MSN.COM)
Date: Tue Jan 27 2004 - 08:54:57 EST
In the discussion on rent (on the list and in _Capital_), there is repeated reference to varying compositions of capital in different branches of production. E.g. see the quote from _Capital_ on AR in Paul Z's post yesterday. Indeed, Marx wrote an entire chapter in Volume 3 (Ch. 8) on "differing compositions of capital in differing branches of production....". * Would others agree that the composition of capital varies in different branches of production and is not _only_ "an overall macroeconomic category"? * If the composition of capital can vary in different branches of production, can't there also be different rates of surplus value in different branches of production? The background for the last question was a comment made by Simon on January 6: > 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.) Why is this the case or why is it not? In solidarity, Jerry
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