From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Sat Oct 14 2006 - 08:02:22 EDT
Ajit, Thanks for answering. I know I was asking a simple question but those are often the hardest to answer. For myself, I believe that joint production is a significant problem. Still, I wonder at your remark on Oct. 12: "You can have increasing productivity with falling organic composition of capital and you can have decreasing productivity with rising composition of capital." Given that you say C or C+V cannot be measured, I wonder why you discuss organic composition of capital at all. But then I'm probably missing something else in your argumentation; perhaps a different definition of organic composition than I am familiar with. Paul Quoting ajit sinha <sinha_a99@YAHOO.COM>: > Paul, joint production has nothing to do with it. This > is quite well known--check Sraffa's chapter on dated > labor approach or Steedman's 'Marx after Sraffa'. > Actually the thing is clear in Ricado as well. If you > are asking me to work out the capital theory debate > here, then right now I don't have time for it--I'm > working on Ricardo right now, when I come to Sraffa, > I'll send you the chapter that will explain all that. > Cheers, ajit > > --- Paul Zarembka <zarembka@BUFFALO.EDU> wrote: > > > Ajit, I was principally asking about the basis of > > your concern expressed > > by saying "capital cannot be measured by direct and > > indirect labor-time". > > > > For either C or C+V, is your concern joint > > production or something > > more/else? C'est la question. Paul Z. > > > > Quoting ajit sinha <sinha_a99@YAHOO.COM>: > > > > > --- Paul Zarembka <zarembka@BUFFALO.EDU> wrote: > > > > > > > Ajit, Are you refering to the problem of joint > > > > production in the > > > > measurement of "C" (you mention "capital") or > > > > something else? If > > > > something else, what specifically? Thanks, Paul > > > ______________________ > > > I mean (C+V) but it would also be correct if you > > take > > > only C and leave the V out. ajit > > > > > > > > Quoting ajit sinha <sinha_a99@YAHOO.COM>: > > > > > > > > > > > You should > > > > > > > note that it is well accepted that the > > formula > > > > for > > > > > > the > > > > > > > rate of profits as S/(C+V) is wrong, so > > you > > > > need > > > > > > to > > > > > > > check Sraffa to see whether the > > proposition > > > > you > > > > > > think > > > > > > > is obvious is all that obvious or not. > > > > > > > > > > > > Ajit, please tell us in what respect S/(C+v) > > is > > > > > > wrong according to > > > > > > others. There are a lot of dimensions of > > this > > > > issue > > > > > > and I cannot tell > > > > > > which you are referring to. > > > > > ________________________ > > > > > Simple, capital cannot be measured by direct > > and > > > > > indirect labor-time. Cheers, ajit sinha
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