[OPE-L:2851] Re: Value of labour power and real wage

Duncan K Foley (dkf2@columbia.edu)
Mon, 26 Aug 1996 12:04:38 -0700 (PDT)

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On Mon, 26 Aug 1996, Gerald Levy wrote:
(in part)
> Regarding the "thesis of the immiserisation of the proletariat", do you
> think there are any essential subsequent parts of the theory that depend
> on that "thesis"?
Perhaps some of the early versions of the revolutionary political program,
but I don't think the interesting parts of the economic analysis depend on
the immiserisation thesis. As I recall, Marx formulates the immiserisation
thesis in several different ways at different junctures, sometimes as
"absolute" and sometimes as "relative".