Re: [OPE-L] SV: [OPE-L] what is irrational in the functioning of capitalism?

From: Paul Zarembka (zarembka@BUFFALO.EDU)
Date: Wed Nov 29 2006 - 14:16:47 EST

Rakesh's conception below is a neoclassical, i.e., the drive for
consumption drives economic activity.  Marx's conception is that luxury
consumption is basic to simple reproduction, but not to accumulation of

Luxury consumption is the drive of the feudal lord.  Of course, the
capitalist also participates in it.

Paul Z.

--On Tuesday, November 28, 2006 11:43 PM -0800 Rakesh Bhandari
<bhandari@BERKELEY.EDU> wrote:

> All his [capitalists] spending--on luxuries today and in capital
> motivated by the pursuit of luxury.

THE HIDDEN HISTORY OF 9-11-2001   --"a benchmark in 9/11 research", review
Volume 23 (2006), RESEARCH IN POLITICAL ECONOMY, P.Zarembka, ed., Elsevier

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