Re: [OPE-L] Marx's Theory of Rent

From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Tue Feb 07 2006 - 11:17:22 EST

Hi Paul C,

OK (but note 'digression' from previous post, reproduced below).

Is the price of soy on world markets determined by the costs of
production of the least efficient soy producer?   That would be a
landless impoverished peasant, right?

In solidarity, Jerry

> [Digression:  in the case of other agricultural producers, there are
> cultural reasons why impoverished landowning peasants continue
> to work the land even where they are receiving less than the average
> wage -- let alone the average rate of profit.  One could project that
> over the long-term (or less -- depending on the extent to which they
> are impoverished) -- they would cease agricultural production and
> join the ranks of the proletariat.  But, there is often a considerable
> lag -- perhaps lasting more than one generation -- because of the
> attachment that people have to place, community, culture, family ....
> As I indicated, a lot depends on the _extent_ of their poverty.]

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