Re: [OPE-L] Marx on the 'maximum rate of profit'

From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Thu Oct 12 2006 - 09:05:58 EDT

> Generalize this case to agriculture as a whole, as
> Ricardo did. You can have a rising organic composition
> of capital with either fall or no increase in labor
> productivity.

Even in Vol. 1 Marx discusses the possibility of a falling c/v in ag. and
mining (Chp. 24, Sect. 4).  Statements about the necessity of rising c/v
amount to dogma.

> You should
> note that it is well accepted that the formula for the
> rate of profits as S/(C+V) is wrong, so you need to
> check Sraffa to see whether the proposition you think
> is obvious is all that obvious or not.

Ajit, please tell us in what respect S/(C+v) is wrong according to
others.  There are a lot of dimensions of this issue and I cannot tell
which you are referring to.

Cheers, Paul

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