Does this make sense? The surplus is invested to create more surplus [assuming it is invested productively; the article does not suggested that the surplus is used for speculation]. As the degree of exploitation increases, still more surplus should appear. David Harvey insists that the problem is finding an outlet for the surplus.
On Sun, Feb 6, 2011 at 7:23 AM, Marv Gandall <[email protected]> wrote: Now, argue economists Michael Spence and Richard Dobbs, that surplus is rapidly disappearing as accelerating demand from China and other emerging economic powers begins to outstrip the global supply of capital. -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
