Dave, I think you want a sentence before "Is this clearer?" intended to
show the next step before concluding.
In any case, where is this mechansim in the paper you believe Paul C. is
referring to, namely,
http://reality.gn.apc.org/econ/Smithconf.pdf ?
I don't see it explicitly or implicitly, but I may be missing it. Paul
On 11/29/2010 5:12 PM, Dave Zachariah wrote:
> OK, in my view the mechanism could be understood in relatively simple
> terms too. The result follows from Marx's idea of a falling ratio of
> 'living to dead labour'. If capitalists unproductively consume a large
> share of their surplus value, less dead labour will accumulate. Is this
> clearer?
>
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Received on Mon Nov 29 17:34:25 2010
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