[OPE-L:3348] Re: TSS and Tech Change

Paul Cockshott (wpc@cs.strath.ac.uk)
Fri, 11 Oct 1996 01:06:10 -0700 (PDT)

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> John:
>3. TSS opens up the possibility that you can have capital
>augmenting technical change (see above) and a FRP. Using
>other approaches to the concept of value, this is impossible.

This is not the case at all.

The method of determining values by recursive application of current
production functions has nothing to do with the possibility or impossibility
of a rising organic composition of capital. The latter is ensured whenever the
rate of accumulation exceeds the rate of growth of the labour force. A rise
in organic composition implies, perforce, a technical change in production.
Paul Cockshott