[OPE-L:2865] Re: Value of labour power and real wage

Patrick Maso (Patrick.L.Mason.20@nd.edu)
Mon, 26 Aug 1996 16:40:10 -0700 (PDT)

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Duncan writes:

>As I recall, Marx formulates the immiserisation
>thesis in several different ways at different junctures, sometimes as
>"absolute" and sometimes as "relative".

I've always thought of the immiserisation thesis as referring to relative
immerisation, i.e., a decline in V/S (or a rise in the rate of
exploitation). This seems to be what Marx implied in "Wages, Prices, and

peace, patrick