Yes I'd be interested in seeing cites on this. I'd prefer a formulation
more like bloodsucking leeches, or in Marx's own phrase, fabulous
parasites, rather than a progressive force.
Does that mean that KM agrees with Michael Jensen and other apologists for
the 1980s, who argue that the buyout boom etc. was a great spur to
productivity, rather than a hindrance to real investment?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
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On Sat, 26 Feb 1994, Michael Perelman wrote:
> One addendum on usury: Marx saw that, even thought it was just M-M', usury
> could be progressive since it forced producers to increase their surplus.
> I can dig up citations if anyone is interested.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 916-898-5321
> 916-898-6141 messages
> E-Mail [EMAIL PROTECTED]
