[OPE-L:3328] Re: TSS and Value Added

Gerald Lev (glevy@pratt.edu)
Tue, 8 Oct 1996 20:11:43 -0700 (PDT)

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Andrew asked in [OPE-L:3316]:

> A question: what do you think about my one-sector example (in my paper
> on the Okishio theorem in the Freeman/Carchedi volume) that vindicates
> Marx's argument that it is "rational" for a firm to introduce
> labor-saving techniques which lower the general (social) rate of
> profit, because the firm can sell at (or close to) social value, which
> is higher than individual value, pocket the difference, and thereby
> raise its individual profit rate?

I didn't see the example because I don't have a copy of the Alan/Mino ed.
book since:

a) I haven't seen a review copy come on sale at any of the used bookstores
I frequent;

b) I haven't seen a new copy for sale at any of the retail bookstores I
went to; and,

c) no one has yet offered me a complimentary copy [hint, hint, wink, wink].

In Solidarity,