[OPE-L:4368] Re: Technical change and general truths

From: glevy@pratt.edu
Date: Mon Oct 30 2000 - 10:44:40 EST

IN [OPE-L:4344], Julian wrote:rates of

> One of the most striking features of capitalism is that it is the 
> first social system in which the ruling class has an indispensable
> need for  continual technical innovation.

Yet, I believe that historical and empirical studies of technical change under capitalism will show that it is a *discontinuous* process. I think that this is an important point when addressing topics such as waves of investment in constant fixed capital and business cycle periodicity. 

In solidarity, Jerry

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