Accumulation and Technology

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Accumulation and Technology: Exemplar 2

Author:: Steindl, Josef

Scope:: Typoskript, 25 Blätter, mit zahlreichen handschriftlichen Anstreichungen

Year of publication:: 1984

Source material date:: [vermutlich um/vor 1984]

Description:: Marx, Kalecki, Rolle von Technologie/technischem Fortschritt für Akkumulation und Verteilung, technologischer Fortschritt und Arbeitslosigkeit

Subject:: Marx, Karl (1818-1883) Kalecki, Michal (1899-1970) Technischer Fortschritt Produktivität Kapitalakkumulation Strukturwandel Arbeitslosigkeit

Note:: Exemplar 2 (Exemplar 1 mit anderen handschriftlichen Anmerkungen siehe AL00656752).

Shelfmark:: S/M.5.2

Access:: Free access

21 3. In the above ( point A ) we have tacitly - and fictitiously - assumed that the labour input in machinery is distributed over the whole life-time of the machine. In reality it will occur in one lump before the increase in producivity takes place and labour is displaced: The compensation, or rather overcompensation, preceeds the displacement. Afterwards, over the whole life of the machine, there will be no more compensation, but only displacement. This explains the expectation of Kalecki that innovations will start an umward trend, though this may be reversed unless new further innovations follow, ad B. Compensation undarthis heading depends basically on the distribution of the additional (potential) real income. If the share of wages is at least as great as in the average income of the economy, that is if wages increase in pace with productivity, then there is a ggod chance for compensation. But it is not only necessary that the workers participate in the result of the productivity increasem there must also be additional investment in order to realise the expansion of output required for compensation. To illustrate the compensation problem we can make use of the department scheme. We assume the productivity has increased in department II only. The investment which has caused it took place in the past and has already exhausted its stimulating effect so that we do not have to consider it in the following. We assume that wages per man in department II increase in step with the increase in productivity. The wage bill there would thus remain unchanged if

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