[OPE-L:2327] Re: Priors and Givens

Michael Perelman (michael@ecst.csuchico.edu)
Wed, 22 May 1996 18:15:48 -0700

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Regarding Eagly's period of production, I once did a piece about Sraffa --
it also relates to Marx -- showing what happens if you change the social
division of labor. Marx had an example where the unbrella handle makers
vertically integrate. In Sraffa's world the production matrix loses a
dimension and the rate of profit would increase.

It was one of those papers where editors were divided about the reasons
for rejection. Half said everybody knows that; the other half declared that
I was wrong.

For Marx, the unbrella handles are no longer constant capital, with the new
social division of labor. Unbrella handle labor becomes living labor for
umbrella makers.

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321 E-Mail michael@ecst.csuchico.edu