It might be worthwhile thinking about the "repression costs" issue less in
the context of the "v=0" assumption, and more in the context of what's
happening to capitalist social relations of production. I've just assigned
David Gordon's "Fat and Mean" to my Principles class (and read it), and he
puts a substantial weight on increases in surveillance and supervision
costs as structuring the change in the wage distribution in the U.S. over
recent years. Did anybody else see this? What did you think? It struck me
as a hard thesis to prove, but I thought it probably had some truth in it.
Duncan
Duncan K. Foley
Department of Economics
Barnard College
New York, NY 10027
(212)-854-3790
fax: (212)-854-8947
e-mail: dkf2@columbia.edu