Re: [OPE-L] monetary macro interpretation

[Fred Moseley <fmoseley@xxxxxxxxxxxxx>]

On Sat, 27 May 2006, Jerry Levy wrote:

> Fred,
>
> In the following you assert that "each and every worker produces
> surplus-value"  and that the "average worker" (which "represents
> all workers together") produces surplus-value.  This is a very odd
> formulation -- especially from you -- since it assumes that all labor
> performed by workers is productive of  surplus-value (i.e. productive
> labor as a proportion of the total labor equals 100%; unproductive labor
> as a proportion of the total labor performed by wage-workers equals 0%).
> Yet, in some of your published writings you emphasize the importance,
> and the growing importance, of unproductive labor in relation to the
> process of  capitalist accumulation. Ce' pasa?
>
> In solidarity, Jerry


Jerry, I obviously meant to say all productive workers.
This is a separate issue from the aggregate / individual issue
that Rakesh and I are discussing.

Thanks for your correction.

Comradely,
Fred