Duncan writes:
>As I recall, Marx formulates the immiserisation
>thesis in several different ways at different junctures, sometimes as
>"absolute" and sometimes as "relative".
I've always thought of the immiserisation thesis as referring to relative
immerisation, i.e., a decline in V/S (or a rise in the rate of
exploitation). This seems to be what Marx implied in "Wages, Prices, and
Profit."
peace, patrick