Doug Henwood dhenwood at
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 Henwood [dhenwood at]
Left Business Observer
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