I think you're right, but it's important for people who are struggling to get wage increases to remember that the capitalists still have control over prices and can undermine the effect of money-wage increases by raising prices.
On 5/3/06, Carrol Cox <[EMAIL PROTECTED]> wrote:
Wasn't Marx's point that there was simply no _necessary_ relationship between a general rise in wages and prices. After such a rise in wages, prices might go up, they might go down, they might not change. A larger context was determining, not a simple two-body relationship between prices and wages. And wouldn't this remain true under modern conditions, with the "larger context" being more complicated? Carrol
-- Jim Devine / "Economics is extremely useful as a form of employment for economists." -- John Kenneth Galbraith.
