From: jerry_levy@verizon.net
Date: Fri Feb 08 2008 - 08:44:21 EST
> I have mentioned this idea several times on the list, but Jerry > seems to be the only one who expressed any sympathy for it. Hi Michael: Yes, we have been in broad agreement on issues related to the moral depreciation of *constant* capital. But, have you written here or elsewhere anything on "the release and tying-up of *variable* capital which is the result of the devaluation and revaluation of the elements of *variable* capital, i.e. the costs of reproduction of labour-power" (Vol 3, Penguin ed., p. 212, emphasis added)? In solidarity, Jerry > "Depreciation of labour" may not be the exact phrase used by > Marx in _Capital_, but there is a discussion of the "revaluation > and devaluation of the variable capital" in Volume III, Chapter > 6, Section 2. After explaining the release and tying-up of > constant capital, he goes on to discuss variable capital later > on in the section (beginning on p. 209 in the Penguin/Vintage > edition). _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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