Agricultural populists have argued this way since the mid 1800s. For a brief moment they made common cause with the striking railroad workers, but for the most part the connection has not been made by urban workers.
On Wed, Feb 20, 2008 at 03:17:41AM -0800, soula avramidis wrote: > this brings me to whatever is going to happen to real wages (w/p) where p is > determined by mark-up and the degree of monopoly or market imperfection in > the broader sense. to use one analytical tool from kalecki: > w/p=Q/kL-fF/pL, where k is the degree of monopoly, f is the price of imported > material and F is their volume. the rest is standard notation. > So by again, broad analogy, as the profits in agriculture rise the real wages > fall. And so once more, the scissors open and there will a marked departure > of values from prices leaving the direct producers with a little less than > they have had before. > ----- Original Message ---- > From: Michael Perelman <[EMAIL PROTECTED]> -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
