From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Sun Sep 30 2007 - 06:27:35 EDT
Jerry, you have to give me an argument to argue with
you. Names mean nothing to me. Cheers, ajit sinha
--- glevy@PRATT.EDU wrote:
> > 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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