Jim wrote:
"As Doug notes, the question of how the surplus-value is utilized is
crucial. Paul Baran also asked this question."
Agreed. Mandel discussed this very specifically in a 1967 paper "Primitive
accumulation and the industrialisation of the third world" (continuing his
analysis from Marxis
In a paper he will give this Monday at the International Institute of Social
History in Amsterdam, LSE Professor Patrick O'Brien argues:
"With the aid of data (rarely cited by Mandel to support his
representations) European economic history has been reconfigured as one of
gradual and continuous ri
It seems to me that there are _three_ forms of surplus-value being discussed.
(1) "standard" Marxian surplus-value, i.e., the excess labor done beyond that needed
to cover the costs of hiring proletarians under the capitalist mode of production.
(2) the surplus-product of exploited direct prod
