I have published some work concerning the effect of technical change cheapening
the value of constant capital, and thereby changing the rate of profit.
I thought the subject was very important, but I had never been able to stir up
much interest in it. Here are the relevant publications:
Karl Marx's Crisis Theory: Labor, Scarcity and Fictitious Capital (New York:
Praeger, 1987).
1991.
"The Phenomonology of Constant Capital and Fictitious Capital." Review of
Radical Political Economy, Vol. 22, Nos. 2 & 3 (Summer and Fall): pp. 66-91.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 916-898-5321
916-898-6141 messages
E-Mail [EMAIL PROTECTED]
