[OPE-L:7263] [OPE-L:789] Re: technical change and productivity change

Gerald Levy (glevy@pratt.edu)
Sun, 28 Mar 1999 17:09:49 -0500 (EST)

John wrote in [OPE-L:787]:

> Note that all of this avoids the real issue. -- Can technical change be
> both
> capital saving and labor saving as the rate of profit falls?

A false issue. No one is saying that it is *impossible* to conceive of a
situation in which there are both forms of technical change happening at
the same time as a fall in the rate of profit. At issue is whether the
fall in the rate of profit is *caused* by capital-saving technical change.

In solidarity, Jerry