Abstract
During the Lent term in 1966 I was staying at Cambridge University. One day Mrs Joan Robinson gave me a copy of her preface, still in manuscript, to the second edition of An Essay on Marxian Economics. On reading this I found the following passage:
The constant rate of exploitation in Volume (Book) III is not explained, and the fact that it entails a rising level of real wages is not noticed. I was much startled when I came upon this in reading Capital for the first time. None of the discussions and controversies I have had since have cleared the point up.1
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Notes
Chapter 7
Joan Robinson, An Essay on Marxian Economics, Macmillan, London, 2nd edn, 1966, p. ix.
See T. Horie, Marx-Keizaigaku Nyumon (An Introduction to Marxian Economics), Nihonhyoronsha, 1962, pp. 118–24.
T. Horie ‘Shihonron’ to Shihonshugino Unmei (Capital and the Fate of Capitalism), Gakubunsha, 1981, pp. 85–93.
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© 1991 Tadao Horie
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Horie, T. (1991). The Law of the Falling Rate of Profit, Reproduction Scheme and Imperialist Expansion: The Self-Contradiction Common to Marx’s Law and Lenin’s Scheme. In: Marx’s Capital and One Free World. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11618-8_7
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