>No, the rate of exploitation refers to the extraction of extra labor
>out of all workers. The rate of exploitation of productive workers
>is the rate of surplus value of the whole economy. The productivity
>rate implies a definition of what is productive in capitalism, ie:
>the production of surplus value. Therefore, Michael's notion of
>productivity is more correct, the extraction of surplus value rather
>than Doug's notion of productivity which fails to differentiate
>between use-value and value. In fact the failure to make this
>distinction among the so called marxist economists is the result of
>why the economics marxist tradition in its majority supports the
>Okishio theorem as opposed to Marx's own proposition of technical
>change leading to a fall in the rate of profit.
Oh yeah, right. I keep forgetting. My head is too full of the "Who made you? God made me. Why did God make you? God made me to know Him, love Him, and serve Him in this world and the next" sorta thing.
Has the rate of profit hit 0 yet? I keep waiting....
Doug