Re: [OPE-L] Fred's argument about the deduction (retro)

From: Michael Perelman (michael@ECST.CSUCHICO.EDU)
Date: Mon Jan 14 2008 - 12:33:07 EST

What is the problem here?  I see two separate questions.  From the standpoint of the
working class, the production of surplus value should include all surplus regardless
if it is wasted when not.  From the standpoint of the capitalists, they are
interested in profits, not surplus value.  If the surplus at their disposal is not
used productively, profits will fall, creating problems for the capitalists.

Michael Perelman Economics Department California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at

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