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

From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Fri Oct 13 2006 - 16:34:53 EDT

> L is total new labor which implies that some people are actually working
> and to whom there correspond wage payments.


The above directly contradicts the  V = 0 assumption. You can't
have it both ways: either V is above zero or it's not.

> L/c measures the ratio of this new value
> created to dead labor independently of how large or small wages are. What
> is wrong with this measure?

A  hypothesis, if valid, must be valid for all conditions
that the hypothesis refers to.  If wages are nil, as they
are when there is the Maximum Rate of Profit, then
the hypothesis is either invalid or needs to be
modified by redefining the Maximum R and dropping
the V = 0 assumption.

In solidarity, Jerry

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