From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Tue Sep 20 2005 - 05:58:01 EDT
I would be keen to defend the notion of a basic sector. In reply to Ian. Sraffa says that in principle the wage should be split into a portion necessary for the reproduction of labour power, and a portion that constitutes part of the surplus that can be struggled over. I think this is certainly correct. If one took that view of it, the basic sector would include those products whose production was necessary to the reproduction of the working population. I am unconvinced that things would be materially changed by expressing things as continuous flows rather than as annual rounds of production. One would still get R as a variable expressing now the maximal instantaneous rate of expansion of the economy as a time derivative rather than expressing the expansion as an annual rate. I don't see why Phil is opposed to the notion of a material surplus?
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