[OPE-L:1724] Re: Defining & understanding the accumulation of

=?EUC-KR?B?sOa/tbTrx9AgsbO89sD8u+q9xw==? (conlee@chonnam.chonnam.ac.kr)
Mon, 8 Apr 1996 18:01:07 -0700

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Paul Z. defines the accumulation of capital as follows;

Ok, how about this defintion--accumulation of capital is increase in the
amount of labor hours purchased by capital, accompanied by a required
purchase of additional means of production (the former measured by v and
the latter measured by c)? In other words, it is exactly an expansion of
capitalist social relations of production.

Well, how about the labor-expelling accumulation of capital?
If higher organic compositions of capital decreases the level of labor-
employment even in its absolute level? This Marx called over accumulation
of capital. It is also an accumulation of capital anyway.

Am I preposterous?

BTW, where are they gone who contributed so heavily to the OPE-L everyday,
those long list? I feel at a loss because it is so quiet.

With sincere concerns,