working class

Ian Murray seamus2001 at attbi.com
Wed Jul 3 14:10:46 PDT 2002


----- Original Message ----- From: "Doug Henwood" <dhenwood at panix.com>


> Wojtek Sokolowski wrote:
>
> >Capitalists do not rent their labor power - their remuneration
is
> >based on their monopoly position i.e. celebrity status or
actual
> >control of the process of production - which in economics is
called
> >"rent."
>
> Rent being the monopolist's return above the "normal" rate of
profit.

==============

Oh that haunting absence between the first " and the second ". Oh how I miss the economic Atlantis of General Equilibrium theory...............NOT!

Ian



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