On Apr 1, 2007, at 11:05 PM, bhandari at berkeley.edu wrote:
> The production of commodities is not governed by demand; rather demand
> is a function of accumulation undertaken in the pursuit of ever
> greater
> quantities of surplus value.
That's consistent with Keynes's idea of effective demand, no? I.e., capitalists make demand effective through their spending on investment and wages.
Doug