From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Sat Dec 02 2006 - 11:21:52 EST
--- clyder@GN.APC.ORG wrote: > Quoting Jerry Levy <Gerald_A_Levy@MSN.COM>: > > > > I think you have to consider the dynamics of the > process > > > more carefully. If the rate of surplus value > rises unusually > > > high, then labour is cheap and it will pay > capitalists to > > > use labour intensive rather than capital > intensive techniques. > > > Thus the process you hypothesise will be self > limiting. > > > > Paul C, _______________________________ Paul, can you explain the logic of this? Sounds logically flawed to me. I think you are confusing neo-classical notion of technology (with labor-capital substitutability as possible techniques) with technological change. But I'm interested in hearing your argument. Cheers, ajit sinha ____________________________________________________________________________________ Do you Yahoo!? Everyone is raving about the all-new Yahoo! Mail beta. http://new.mail.yahoo.com
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