From: Rakesh Bhandari (bhandari@BERKELEY.EDU)
Date: Thu Nov 25 2004 - 15:09:30 EST
At 3:48 PM -0400 11/25/04, michael a. lebowitz wrote: >At 15:05 25/11/2004, Rakesh wrote: > >>You mean Robinson's tired criticisms such as rising s/v can >>counteract rising c/v? Or the belief that capital saving innovation >>(itself ususally a product of very intense capital intensive >>production--think how the computer has been cheapened...with close to >>two billion dollar wafer fabs) may not slow down but actually >>neutralize or reverse the OCC? > >I guess I missed something. Tired in what way? > michael > Sure if c/v is not growing, rising s/v may create problems for the realization of surplus value, and you can safely derive your Kaleckian criticism of analytical Marxism. But get real, man! That proxy Y/K is meaningless. Happy Thanksgiving to the yanquis (I'm off email for a while now) and, more importantly, to Michael please accept my belated congratulations on your wedding. Yours, Rakesh
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