Re: [OPE-L] accumulation of capital and the working class - actual non existence of variable capital

From: Ian Hunt (ian.hunt@FLINDERS.EDU.AU)
Date: Thu Jan 10 2008 - 19:29:09 EST

Dear Jerry,

An alternative is to say that unproductive labour reduces the
turnover of variable capital and so reduces the rate of profit (ie it
makes the variable capital stock larger than it would be if only
surplus value creating labour power were funded). The whole
discussion of 'unproductive' labour is fraught: it is not clear that
Marx was correct in distinguishing so absolutely between labour that
creates value and labour that does not and once you make the
distinction hter ear eall sorts of problems for analyzing its impact,

>Yet, strictly speaking (and in every other way) unproductive labour
>is not means of production  and "dead labor".  The labor may be
>unproductive but it is still labor.
Associate Professor Ian Hunt,
Dept  of Philosophy, School of Humanities,
Director, Centre for Applied Philosophy,
Flinders University of SA,
Humanities Building,
Bedford Park, SA, 5042,
Ph: (08) 8201 2054 Fax: (08) 8201 2784

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