Subject: Re: the value chain
From: "Stephen J. Turnbull" <>
Date: Fri, 10 Dec 1999 14:42:20 +0900 (JST)

>>>>> "Crispin" == Crispin Cowan <> writes:

    Crispin> Or possibly the other way around.  Most consumer goods of
    Crispin> the 20th century are devices designed to replace services
    Crispin> at lower cost, e.g. vacuum cleaners, washing machines,
    Crispin> electric ovens, etc.

Ouch.  Please to be careful.  They are devices which function to
replace _labor_ with (physical, not financial/Marxian) _capital_ by
providing the same _service_.

Or, more accurately, they increase the proportion of capital while
decreasing that of labor in the input mix.

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