Keen/Ernst Discussion(To Marshall)

Jim Jaszewski jjazz at
Thu Oct 19 10:58:26 MDT 1995

On Thu, 19 Oct 1995, John R. Ernst wrote:

> >Isn't the value creating power of machines a form of congealed labor power
> >waiting to be consumed by the capitalist?
> I think you may mean "congealed labor" and not "congealed
> labor power."  Although I think Steve Keen may prefer the
> idea of seeing machines as having a capacity to labor, I
> do not think Marx would agree.

	A tangent:  wouldn't a good pedagogical tool be the comparing of
Labor Power and Horsepower??

	Horsepower implies the ability to do work over time.  Labor Power
likewise.  I'm sure Marx meant it this way, but I've never seen this
explicitly stated anywhere...

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