(OPE-L) Re: the real wage, and the production of surplus value

From: gerald_a_levy (gerald_a_levy@MSN.COM)
Date: Sat Dec 13 2003 - 08:14:18 EST

An additional brief reaction to Paolo's post:

> Isn´t this precisely one of the variables which give rise to the
> Goodwin´s model, Le/Lt, or employed labor force divided by total
> available labor force?

Yes.  Don't throw the baby out with the bath water, though. The
problems with the Goodwin growth model were a consequence
of the inherent limitations of growth theory rather than with the
specification of the size of the working population as a variable.
Is there any growth model that _isn't_ simplistic?

In solidarity, Jerry

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