[OPE-L:5147] counteracting factors

Gerald Levy (glevy@pratt.edu)
Thu, 29 May 1997 14:05:20 -0700 (PDT)

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Re V3, Ch. 14:

Marx indicates six "counteracting factors" to the "law of the tendency for
the general rate of profit to decline." In the introductory paragraph to
the chapter he asserts that these

[1. more intensive exploitation of labour;
2. reduction of wages below their value;
3. cheapening of the elements of constant capital;
4. the relative surplus population;
5. foreign trade;
6. the increase in share capital]

are -- "the most general of these factors."

That, of course, leads me to the following two questions:

Q1: What are the "less general", and unspecified, "counteracting

Q2: Did Marx suggest elsewhere in his writings any other "counteracting
factors" than the ones listed above?

In solidarity, Jerry