Re: [OPE] Open problems in Marxist economics: Workers' savings

From: Dave Zachariah <>
Date: Thu Apr 08 2010 - 14:44:06 EDT

On 2010-04-08 16:50, Gerald Levy wrote:
> What's the alternative - treating V in a Lassallian sense (the Iron Law of
> Wages)
> as the money required to reproduce the working class at a strict, physical,
> minimum
> level irrespective of spatial and temporal (including cultural and 'moral')
> considerations?

The alternative in my view is to take the labour content of the real
wage bundle *actually consumed*. I think it is only then one can obtain
a theory consistent with historical materialism.

//Dave Z
ope mailing list
Received on Thu Apr 8 14:53:27 2010

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