Re: (OPE-L) Say's Law in Marxian Theories?

From: paul cockshott (clyder@GN.APC.ORG)
Date: Tue Mar 02 2004 - 05:53:05 EST

I take it you are not supporting the idea that supply
creates its own demand at the macro level? 

-----Original Message-----
From: OPE-L [mailto:OPE-L@SUS.CSUCHICO.EDU] On Behalf Of ajit sinha
Sent: 02 March 2004 07:35
Subject: Re: (OPE-L) Say's Law in Marxian Theories?

Can you explain a little more about
disproportionality? It could be
argued that proportionality between the departments of
production requires
that they are in balance: that supply and demand are
equal. If supply
creates its own demand (Say's Law), then this means
there cannot be
disproportionality. I agree that general
overproduction is distinct from
this, however.

Supply does not have to create a demand of equal
amount of its own kind. Say's law is more of a macro
level proposition. It only opposes a theoretical
possibility of a general glut. Cheers, ajit sinha

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