less than you'd think. For the most part, industrial managers "make" wealth in the meaning of the word implied by m-c-m'. The job of financial managers has more to do with making sure that the "m" element can actually be spent; a good industrial manager can help you turn labour and capital into surplus, but you need a financier in there because you can't draw "productive surplus" out of the ATM. I don't think liquidity shows up all that much as being a particularly important thing in Marx; in Keynes it's fundamental.
best dd -----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] Behalf Of Charles Brown Sent: 26 March 2007 18:25 To: [email protected] Subject: Financiers' activities and wealth creation Don't financial managers "make" wealth for the rich for whom they work ? How do those activities add to the wealth of society ? Why after that process is over should we consider that the rich person owns more wealth than they did before the process started ? Charles
