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I agree that it has nothing to do with the study of capitalism
I think though that we can at a very abstract level model a
large number of growth processes via i/o tables. These have
an implicit maximal growth rate. As a particular example of
an i/o system a capitalist economy has a maximal growth rate
which corresponds to the maximum profit rate.
However one could also perhaps model a commodity producing
slave society in a similar way.
Paul Cockshott
Dept of Computing Science
University of Glasgow
+44 141 330 3125
www.dcs.gla.ac.uk/~wpc/reports/
-----Original Message-----
From: OPE-L on behalf of GERALD LEVY
Sent: Wed 28/11/2007 2:14 PM
To: OPE-L@xxxxxxxxxxxxxxxx
Subject: Re: [OPE-L] fully automated economy and capitalism
Hi Paul C:
How are you defining 'profit' and the 'rate of profit' below?
If we take the formula s/c+v to be the rate of profit, in a
fully automated economy v = 0 and this implies that s =
0 unless you think that c can create surplus value.
I suppose one could define 'surplus' (NB: as distinct from
'surplus value') in a different way, such that it could exist in
your fully automated society. But, it would be difficult
because in pre-capitalist (or post-capitalist) societies a surplus
refers to an amount of the total product produced beyond the
necessary reproductive requirements of the direct producers.
But, there are no direct producers in a fully automated society
unless you take the robots to be the 'producers'. [If so, then
the (non-labor) costs associated with maintaining and
reproducing the robots could be seen as 'socially necessary'
and a pre-requisite for the reproduction of the system.]
Who would be consuming the output, you ask? Well,
I guess that would be the human (or non-human) parasites
who live off of the product produced by the robots,
right?
What any of this has to do with real economies is unclear
to me. I don't think such an abstract, ahistorical model has
*anything* meaningful to say about capitalism.
In solidarity, Jerry
------------------------------------------------------------
I agree that without wage labour you could not speak of capitalism in the normal sense, but
That does not follow that all prices would be zero, since the firms might still be
Aiming to maximise profit.
More unclear would be who or what was consuming the output?
One could assume all was reinvested and the rate of profit would then the the rate of growth as analyzed by von Neumann
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- Re: [OPE-L] fully automated economy and capitalism, (continued)
- Re: [OPE-L] fully automated economy and capitalism, GERALD LEVY Wed 28 Nov 2007, 14:07 GMT
- Re: [OPE-L] fully automated economy and capitalism, Dave Zachariah Wed 28 Nov 2007, 17:57 GMT
- Re: [OPE-L] fully automated economy and capitalism, Paul Cockshott Wed 28 Nov 2007, 22:12 GMT
- Re: [OPE-L] fully automated economy and capitalism, glevy Wed 28 Nov 2007, 22:55 GMT
- Re: [OPE-L] fully automated economy and capitalism, Ian Hunt Wed 28 Nov 2007, 23:46 GMT
- Re: [OPE-L] fully automated economy and capitalism, Paul Cockshott Thu 29 Nov 2007, 08:44 GMT
- Re: [OPE-L] fully automated economy and capitalism, GERALD LEVY Wed 28 Nov 2007, 18:08 GMT
- Re: [OPE-L] fully automated economy and capitalism, Dave Zachariah Wed 28 Nov 2007, 21:04 GMT
- Re: [OPE-L] fully automated economy and capitalism, GERALD LEVY Thu 29 Nov 2007, 13:52 GMT