From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Mon Dec 19 2005 - 18:19:55 EST
-----Original Message-----
From: OPE-L [mailto:OPE-L@SUS.CSUCHICO.EDU] On Behalf Of michael a.
lebowitz
Sent: 17 December 2005 20:43
To: OPE-L@SUS.CSUCHICO.EDU
Subject: Re: [OPE-L] measuring causes[MESSAGE NOT SCANNED]
Paul,
What you are doing is decomposing the rate of profit (and
there could be other variations-- eg., taking into account turnover
insofar as the appropriate rate of surplus value is the annual one),
but is that the same as identifying causes?
---------------
Within the context of theories that postulate 'laws of motion'
this is the same thing as identifying causes.
Such theories are theories about mutual constraints that operate
between parts of the system in binding way.
It is also directly politically meaningful. It enables one
to say whether an economic crisis is caused by
a) High wages - which certain authors in the 70s claimed
b) High organic composition of capital as Yaffe and Bullock claimed
c) A rise in the ratio of unproductive to productive labour as
others claimed.
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