From: GERALD LEVY (gerald_a_levy@MSN.COM)
Date: Mon Jan 07 2008 - 20:57:56 EST
> I am confused: what you give sounds like a definition of accumulation> that requires another term for cases where C increases but V does> not. What is the term you propose for that, since it does not count> as 'accumulation' by your definition? That's right, Ian. Thanks. The reason I asked the question is that I recall from our discussions many years ago on OPE-L about the definition of accumulation of capital that Paul offered a term/ expression for the other scenario. I just don't recall the name. I was just asking Paul to refresh my memory and indicate what its origins were. I wasn't really trying to re-open the debate. In solidarity, Jerry > >>From our previous discussions I recall that you used a different> >>expression than accumulation of capital to refer to a situation> >>where the quantity of money productively invested in capital> >>grew but where the quantity of V remained constant. What> >>was that expression again? I forgot. And where did that> >>expression originate?
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