Re: [OPE-L] Dumenil and Levy on Unproductive Labor

From: glevy@PRATT.EDU
Date: Thu Apr 20 2006 - 15:11:47 EDT

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> Marx himself had this to say about supervision and management labour:


Hi Jurriaan,

He also had this to say:

" ... the wages of superintendence do not enter [into the] average rate
of profit at all" (_Theories of Surplus Value_, III, Progress ed.,
p. 505).

Had those wages represented a portion of variable capital (which is
another way of saying, had superientendence labor been productive of
surplus value) then they would have entered into the average rate of
profit.

In solidarity, Jerry

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