Download A Japanese Approach to Political Economy: Unoist Variations by Thomas T. Sekine, Robert Albritton PDF

By Thomas T. Sekine, Robert Albritton

Kozo Uno inspired an entire iteration of marxian political economists in put up international battle II Japan. Thomas Sekine labored heavily with Uno in Japan and later got here to York collage in Toronto, the place he brought Uno's rules to Canadian students. Sekine has considerably enlarged and sophisticated Uno's paintings, and within the strategy has motivated students in either Japan and Canada. This anthology is a set of essays in marxian political economic system through students who've been motivated via Sekine's specific appropriation of Uno's ideas.

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P. A. Samuelson, "Wages and Interest: A Modem Dissection of Marxist Economic Models", The American Economic Review, XLVII (1957), pp. 181-219. E. D. Domar, Essays in the Theory of Economic Growth, Oxford University Press, 1957, p. 26, p. 88. See my "Necessity of the Law of Value, Its Demonstration and Significance" (Chapter 3 in this volume) for more detail. , that they are paid "fodder" instead of money wages. Such an assumption which in effect reduces labour-power to an intermediate good, and renders the distinction between "variable" and "constant" capital irrelevant is incompatible with the presuppositions of the dialectic of capital.

575. 17 kg of cotton yam" holds unambiguously. For both sides embody 6 hours of necessary labour and can be bought for 3 shillings, which constitute the daily wage. Thomas T. 17 kg. of yam are the product of the necessary labour of 6 hours, but not of socially necessary labour of 6 hours. 17 kg. 85 hours of socially necessary labour. 17 kg. of yam for 3 shillings. The reason for this is that the worker can buy back 2 baskets of wage-goods for 3 shillings and these are necessary and sufficient for the reproduction of labourpower used up for the day.

4. The first relation states the fact that the working-class buys back all the wage-goods produced in society with the necessary labour-time that it performs. The second relation says that all the wage-goods produced in society are entirely purchased by the total wages-bill paid to the workers. Thomas T. Sekine 43 5. This condition may, at first sight, appear to be rather unduly restrictive. , prices proportional to values. See Thomas T. Sekine, The Dialectic of Capital, vol. II, Toshindo Press, Tokyo, 1986, pp.

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