What if price competition is a motive force behind innovation?
--Alan G. Isaac
On Thu, 2 Jun 1994 17:44:53 -0700 Paul Cockshott said:
>Whilst prices of home computers has not drastically changed,
>the price of a computer capbable of performing a specific organisational
>task in industry has certainly undergone a drastic fall.
>...
>This sort of price decline is historically unprecedented, and although
>the labour theory of value provides an adequate account of why the
>price has fallen when the labour content fell, the Babbage/Marx/Braverman
>analysis of the labour process is unable to account for how the
>labour content can have been so dramatically reduced. To focus on
>price competition is to pick on a trivial question in comparison.
