From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Wed Sep 15 2004 - 07:20:15 EDT
If a large part of invested capital is in the form of fixed capital then capital mobility becomes slow for sure. However, my main argument is the absence of wages in a scp model for labor mobility. Being owner of the means of production makes the matter only worse but it is not the major theoretical point. Cheers, ajit sinha --- Paul Cockshott <wpc@DCS.GLA.AC.UK> wrote: > > Ajit, the argument that labour mobility is absent > under simple commodity production rested as I recall > on the fact that the workers own their own means of > production. If that is an argument against > equalising > remuneration under scp then the same argument > applies > to equalisation of rates of profit, since steel > mills > do not convert to silicon foundaries, if the rate of > profit rises in the latter. > > An such ideas of equalising tendencies do not > require > complete mobility, only that some mobility exists. > That will be sufficient to constrain the dispersion > of the variable under consideration. > _______________________________ Do you Yahoo!? Declare Yourself - Register online to vote today! http://vote.yahoo.com
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