From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Tue Jan 08 2008 - 10:52:50 EST
That is a distinction without a difference. What is the difference
between and increase and an accumulation?
-----Original Message-----
From: OPE-L [mailto:OPE-L@SUS.CSUCHICO.EDU] On Behalf Of Paul Zarembka
Sent: 08 January 2008 15:51
To: OPE-L@SUS.CSUCHICO.EDU
Subject: Re: [OPE-L] glossary for V1 of _Capital
--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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