[OPE-L:3628] RE: Laibman on the output ratio and the occ

Paul Cockshott (wpc@cs.strath.ac.uk)
Fri, 8 Nov 1996 01:00:10 -0800 (PST)

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>First, what he calls the OCC is actually the VCC. Marx's OCC is a value
>measure of the TCC; changes in values alone do not affect it. (CC =
>composition of capital, O = organic, V = value, T = technical.) This has
>been amply discussed by Fine, Saad-Filho, and others.
Paul C:
The problem with the concept of the technical composition of capital is
that it is incapable of precise definition, since it aggregates dissimilar
use values. It is in effect the same concept as Laibmans physical capital
to output ratio, and suffers from the same ambiguities.
Paul Cockshott