[OPE-L:4781] Re: the determination of real wages---- and a puzzle

Paul Zarembka (zarembka@acsu.buffalo.edu)
Mon, 14 Apr 1997 20:49:51 -0700 (PDT)

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On Mon, 14 Apr 1997, Paul Cockshott wrote:

> > Keynes thought the direction of the rate of profit is to zero. For
> > Marx it would take surplus value falling to zero or the composition of
> > capital rising to infinity. The first possibility is not worth
> > discussing. The second forgets that constant capital is defined on labor
> > time and there are major technological improvements in the production
> > constant capital.
> Why is the first not worth considering?

If surplus value=zero, labor has the whole pie and capital dies.