[OPE-L:7264] [OPE-L:792] Re: technical change and productivity change

Gerald Levy (glevy@pratt.edu)
Sun, 28 Mar 1999 18:27:00 -0500 (EST)

John wrote in [OPE-L:790]:


> Given your quote marks around the word "caused", I'm not sure what what
> exactly your issue is.

Actually, I placed star (*) marks around caused for emphasis rather than
quotation marks ("...") [see below].


> The falling rate of profit is caused by the
> manner in which the accumulation of capital takes place.

Very vague.

Andrew put the issue much more clearly when he said that "the profit rate
falls *because* productivity rises" [Andrew's emphasis, JL].

As I explained previously, I don't disagree that this was Marx's

Yet, you have yet to show that capital-saving technical change will *cause
the productivity of labor to rise*.


Note that to show that the rate of profit *might* fall even where there is
capital-saving technical change is different from saying that the rate of
profit *will* fall *because* of that type of technical change.

Until *that* is *demonstrated*, we would simply run the risk of assuming
that since two events can occur at the same time (capital-saving
technical change & fall in rate of profit), one causes the other.

In solidarity, Jerry

> At issue is whether the
> all in the rate of profit is *caused* by capital-saving technical change.