[OPE-L:1597] Re: Temporality vs simultaneity

chaion lee (conlee@chonnam.chonnam.ac.kr)
Wed, 27 Mar 1996 21:43:06 -0800

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When I met Okishio last summer (he visited Korea in July 1995), he
personnaly told me that his theorem was intended to show that the
falling tendency of profit rates would not become effective (auto-
nomously) if workers do not make efforts to increase their real
wage rates. His position was acceptable. In Marx's case, the falling
tendency was derived from the conditions of (not the constant value of
labour power as in Foley, Dumenil, etc. but) the constant rate of
exploitation, the constant value of input materials, etc. (anti-working
tendencies can derive from the situation where those specific conditions
no more apply). Then, I think we have no reason to bother with Okishio's
theorem, don't we?

In solidarity,
Chai-on Lee