Juriaan, How do you propose to measure "physical capital" -- thus,
"less" after two decades? Paul
=====
(V23) THE HIDDEN HISTORY OF 9-11, Seven Stories Press softcover, 2008 2nd ed
(V24) TRANSITIONS IN LATIN AMERICA .... (V25) WHY CAPITALISM SURVIVES CRISES
====> Research in Political Economy, Emerald Group, Bingley, UK
====> Paul Zarembka, Editor www.buffalo.edu/~zarembka
Jurriaan Bendien wrote:
> ... Now if more New Zealand workers in aggregate produce
> proportionally less net output value with more working hours and less
> physical capital than they did two decades ago, I think this does say
> something about the organic composition of capital (the VCC mediated
> by the TCC), and the average rate of surplus value that must then
> apply. ...
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Received on Tue Aug 4 09:15:43 2009
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