[OPE-L:2994] Re: accumulation of capital revisited

Paul Zarembka (ecopaulz@ubvms.cc.buffalo.edu)
Mon, 9 Sep 1996 08:13:11 -0700 (PDT)

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On Sun, 8 Sep 1996, Gerald Levy wrote:

> As listmembers will recall, we had a long discussion on defining
> accumulation of capital in the Spring. Paul Z defined that term as
> follows: accumulation of capital occurs when s is converted into
> increased c + v. Yet, in the quote above, you suggest that accumulation of
> capital is "first and foremost" an increase in v. Why are you prioritising
> an increase in v over an increase in c?

I guess for no more reason that to "bend the stick" in opposition
to the usual emphasis on c, i.e., to come out with c and v considered
rather equally.

Paul Z.