A pity that the oil pricing question got piggybacked onto what I was interested in hearing about: How manufacturing labor productivity is measured in the U.S. That has nothing to do with the pricing of petroleum, which as a mineral resource is principally rent-bearing as its wild price swings show, i.e. principally a means for the distribution of surplus value in the form of surplus profit, though there is a minor capitalized component in its extraction and distribution, ex- refinery. So petroleum is apples and oranges here. Don't want no merry-go-rounds here.
-Matt ----- Original Message ----- From: "S. Artesian" <sartes...@earthlink.net> To: "Marv Gandall" <marvgand...@videotron.ca> Sent: Tuesday, November 10, 2009 10:11 AM Subject: Re: [Marxism]Economists Seek to Fix a Defect in Data That Overstates the Nation?s Vigor (NYT) Can we get off this merry-go-round? Good idea. ________________________________________________ YOU MUST clip all extraneous text when replying to a message. Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
