From: Gerald A. Levy (Gerald_A_Levy@MSN.COM)
Date: Thu Apr 22 2004 - 06:06:47 EDT
Hi Paul Z. [Jerry asked] > First, an abstract, hypothetical question: > Suppose the wages of productive workers has gone up by 10% > and there is an increase in v of 10%. In this case, > the increase in v would not necessarily cause a increase in > the quantity of exploited workers. Supposing also that c > goes up -- and thus c & v simultaneously rise -- would this > by your understanding represent an increase in the > accumulation of capital? [Paul Z replied] > You want to hold c/v, the organic composition of capital, fixed. I'm trying to clarify the conditions under which there can be an accumulation and de-accumulation of capital according to your definition. _I_ don't want the OCC to be fixed (and I don't think that's what happens ordinarily when there is an increase in the accumulation of capital). > But v > increasing confused a distribution question (s/v changing) with a > technological. Can I answer you using c/(v+s), which avoid the > distributional qustion? I want clarification and dialogue so, sure, I don't mind if you _begin_ by answering the question you would have preferred that I ask provided you then attempt to answer the question that I did ask, OK? (btw, I don't think that changes in s/v should be only seen as a distribution question. Nor do I think that changes in the accumulation of capital are necessarily or only indications of technological changes.) In solidarity, Jerry
This archive was generated by hypermail 2.1.5 : Fri Apr 23 2004 - 00:00:01 EDT