Re: (OPE-L) Re: recent references on 'problem' of money commodity?

From: Allin Cottrell (cottrell@wfu.edu)
Date: Sat Nov 20 2004 - 13:21:37 EST

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On Sat, 20 Nov 2004 Gerald_A_Levy@MSN.COM wrote:

> In any event, I see no reason for supposing that over the long-term
> the composition of capital in gold-mining production will lag behind
> the rest of the economy....

My point didn't specifically concern the organic composition of
capital in gold mining, but the productivity of labour.  The former
could go up but the latter lag the economy at large (e.g. if gold
mining encounters increasing physical difficulty at the margin).

Allin

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