Shane,
Actually, there have been a number of studies of the organic composition,
the materialized composition, unproductive labor and the rate of surplus
value for the U.S., by Moseley, Shaikh and Wolff, and they go up to
mid-1990s. I've done a study of their differing methodologies (and they
are indeed different) and results achieved. One important conclusion is
that the materialized composition c/(s+v) is relatively stable since about
1950; it is the rise in s/v which leads to the organic composition c/v
rising (i.e., technological changes are not what drives c/v up).
Paul
--On 3/19/2008 Shane Mage wrote
Don't be so sure of that. No real Marxist study of the organic
composition of capital in the US economy has been done since 1962,
but the huge increase in the proportion of "socially necessary but
unproductive labor"
in the economy is reflected in a huge increase in the fixed capital
needed for its employment (examples: Office skyscrapers, Megamalls,
etc.). All this is included in the organic composition (C/v+s).
...
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