From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Tue Jan 08 2008 - 10:51:03 EST
--On 1/8/2008 3:45 PM +0000 Paul Cockshott wrote:
...
> When however the reserve armies of labour are exhausted,
> the accumulation of capital becomes over accumulation and can no
> longer follow an exponential law, instead of the capital stock growing
> exponentially it grows linearly, with the concomitant of a declining
> rate of profit.
>
> If you say that there is no accumulation of capital in the latter case,
> what then are we to call the stock of means of production that
> accumulates, if it is not an accumulation of capital what is it?
Increase in constant capital, Paul. Paul
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