From: glevy@PRATT.EDU
Date: Sat Sep 29 2007 - 11:47:44 EDT
> On what grounds do you say that?
Hi Ajit:
If wages were decreased wages and/or the intensity of work was increased
whether the rate of profit would rise, fall, or stay the same would depend
on the *extent* to which these factors ("Counteracting influences" for
Marx) would offset a decline in profitability (if there were indeed forces
at work which exerted pressure on the rate of profit to decline). I don't
think this is a controversial point. Indeed, I think Steedman and Lippi
(among others) would agree.
In solidarity, Jerry
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