(OPE-L) Re: accumulation and de-accumulation of capital?

From: Gerald A. Levy (Gerald_A_Levy@MSN.COM)
Date: Thu Apr 22 2004 - 06:06:47 EDT

Hi Paul Z.

[Jerry asked]
> First, an abstract, hypothetical question:
> Suppose the wages of productive workers has gone up by 10%
> and there is an increase in v of 10%.  In this case,
> the increase in v would not necessarily cause a increase in
> the quantity of exploited workers.  Supposing also that c
> goes up -- and thus c & v simultaneously rise -- would this
> by your understanding represent an increase in the
> accumulation of capital?
[Paul Z replied]
> You want to hold c/v, the organic composition of capital, fixed.

I'm trying to clarify the conditions under which there can be an
accumulation and de-accumulation of capital according to your
definition. _I_ don't want the OCC to be fixed (and I don't think that's
what happens ordinarily when there is an increase in the accumulation
of capital).

> But v
> increasing confused a distribution question (s/v changing) with a
> technological.  Can I answer you using c/(v+s), which avoid the
> distributional qustion?

I want clarification and dialogue so, sure,  I don't mind if you
_begin_ by answering the question you would have preferred
that I ask provided you then attempt to answer the question that
I did ask, OK?

(btw, I don't think that changes in s/v should be only seen as
a distribution question.  Nor do I think that changes in the
accumulation of capital are necessarily or only indications of
technological changes.)

In solidarity, Jerry

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