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This folder includes:

Handwritten note cards titled:

  • Switching & Okishio Theorem, etc. on two techniques at common prices with different cost-prices and profit rates (6/77)
  • Okishio Theorem on the dichotomy between choice of technique based on higher profits and competition to lower cost-price (2/14/77)
  • Machinery: Switches of Technique referencing Vol. I, pp. 316–317, 387–392 on value transferred, cost of machinery, and socially necessary labor (10/31/77)
  • Machinery (continuation) referencing Vol. I, pp. 403–419 on lengthening of the working day, speed of machines, and the modern factory
  • Marx on “Choice of Techniques” with detailed numerical example comparing hand-operated press vs. machine-operated press from Grundrisse, pp. 383–385 (12/4/77)
  • Marx on “Choice of Techniques” (continuation) on surplus-value rates, transitional rates of profit, and individual prices of production (12/4/77)
  • Mathematical derivations on unit values and technique changes (12/4/77)
  • Note on “Switching of Techniques” on origins of the concept, referencing Keynes, Joan Robinson, and Wicksell
  • Page references to Vol. I on cost of machinery systems and savings on labor
  • Marx’s Example of Choice of Technique referencing Grundrisse, pp. 383–385, comparing hand-operated and machine-operated press with stock, flow costs, output, and unit values (1/28/78)
  • Competition & Cheapening of Commodities referencing Capital (1967), Vol. III, Part VI, Ch. XXVIII on surplus-profit from reduction in cost-price (3/77)
  • Determination of value by socially necessary labour-time and cheapening of commodities, citing p. 644
  • “Choice of Technique” on Okishio’s argument about interest as a cost, the floor for the lower rate of profit capitalists will accept, and differences from Marx in Keynesian and neoclassical theory (6/27/78)
  • “Choice of Technique” Literature (1/4) on Sraffa’s switch points, equal commodity wages, and relative prices at switch points (3/9/77)
  • J.R. & J.R. Rothwell, Intro to Modern Economics (McGraw-Hill, 1973) on choice of technique governed by savings on wage bill, degree of mechanization, and “capital-using bias” (pp. 138–140)
  • Choice of Technique (3/4) on degree of mechanization K/X, capitalists resorting to higher K/L only when the reserve army is depleted, deepening the stock of equipment (3/9/77)
  • Mathematical derivations on rate of profit in one sector, wage share, and conditions for r to rise
  • “Choice of Technique” (Example from Grundrisse) (1/4) on the concept emerging through conflict and competition, Okishio theorem, and new capitals entering the market (2/24/77)
  • Marx’s numerical example from Grundrisse, p. 383 comparing hand-operated press (A) vs. self-acting printing press (A′), with calculations of stock, flow costs, output, and unit values
  • “Choice of Technique” (3/4) continuing with transitional calculations:KA=100K_A = 100KA=100 vs.KA′=20223K_{A'} = 202\frac{2}{3}KA′=20232, noting Marx’s example does not include a transitional rate of profit (2/14/77)
  • Calculations on sheets produced, individual values, and the role of competition in forcing adoption of cheaper techniques
  • Switches & Rate of Profit on Grundrisse, pp. 383–385, two capitals with different unit cost-prices, lower cost-price not implying lower price of production, and TSV III, p. 365 on incompatibility ofC/V+1C/V + 1C/V+1 (2/8/77)
  • Mechanization raising C/V, citing TSV II, pp. 406–416, Ricardo’s errors, and Capital, Vol. I, pp. 316–325
  • Rising Productivity of Labor Raises S/V citing TSV II, Ch. XII, p. 266, with references to concrete labor, abstract labor, and time (p. 173), Grundrisse

Comments

This is from Professor Shaikh's collection of over 1800 index cards  Not all folders had cards behind them and those that did varied in the number of cards.

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