I am currently reading James Becker's "Marxian Political Economy". There is a chapter on "unequal exchange" which I am having some trouble with...
The basic mechanism behind unequal exchange is clear - prices must deviate from values to make for equal rates of return. But I want to understand how that translates into unequal exchange between expensive and cheap labor. Of course firms that hire skilled labor will have higher Constant/Variable capital ratios because it takes a lot of capital to impart skills and therefore will charge higher prices for their products to ensure an average rate of return. Is that all there is to unequal exchange between different grades of labor or did I miss something? Thanks --------------------------------- Take the Internet to Go: Yahoo!Go puts the Internet in your pocket: mail, news, photos & more.
