Tendency towards monopoly

Walter Daum WGDCC at cunyvm.cuny.edu
Thu Dec 14 13:25:20 MST 1995


On Thu, 14 Dec 1995 11:15:56 -0500 (EST) <ROSSERJB at vax1.acs.jmu.edu> said:
>     As a strictly technical point I note that the
>labor theory of value is formulated for the pure competition
>case.  Although Marx did forecast an increasing concentration

Sorry, where does Marx specify pure competition? I thought he was dealing
with capitalism in general. In fact, the law of value appears at the start
of Vol 1, and competition is not fully disucssed until Vol 3.

Walter Daum


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