introduction

Doug Henwood dhenwood at panix.com
Fri Sep 23 08:13:04 MDT 1994


Fred Moseley - hi Fred! - brought up the issue of productive vs.
unproductive capital/labor in his virgin post. I've seen two definitions
of productive, following both Smith and Marx - one, productive K/L is that
which produces a vendible product, and two, it's that which produces a
profit for a capitalist. OK, connoisseurs, which is it?

Doug

Doug Henwood [dhenwood at panix.com]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)



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