Re: (OPE-L) [Jurriaan] Additional note [on VFT]

From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Mon Apr 19 2004 - 12:09:59 EDT

--On Sunday, April 18, 2004 2:28 PM -0400 OPE-L Administrator
<ope-admin@RICARDO.ECN.WFU.EDU> wrote:

> the motive for engaging
> in production is the expectation of capital accumulation, which has
> profound social consequences for human society and its future. As we
> know, capital accumulation (growth of capital) has five phases or
> moments: investment, valorisation,
> realisation, re-investment and unequal exchange.


Since accumulation of capital must include increasing the number of workers
subject to exploitation, penetration of non-capitalist modes of production
must be included in moments of accumulation of capital, but I don't know
where, in your five moments, you intend to include that.

Paul Z.

RESEARCH IN POLITICAL ECONOMY,  Paul Zarembka, editor, Elsevier Science

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