On Feb 9, 2013, at 4:35 AM, michael a. lebowitz wrote:
in Chapter 13 of Capital III. Marx clearly indicated there that the rate of profit would tend to fall despite a higher rate of surplus value ‘outside of a few cases (for instance, if the productiveness of labour uniformly cheapens all elements of the constant, and the variable, capital)’.
As I pointed out yesterday, that would express a constant organic composition of capital--which over anything but the shortest of runs would contradict a fundamental Marxian proposition: that "The progressively higher organic composition of the social capital is, in another way, but an expression of the progressive development of the social productive power of labor" (v.3, p. 248)
Shane Mage "All things are an equal exchange for fire and fire for all things, as goods are for gold and gold for goods." Herakleitos of Ephesos, fr, 90
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