Production Relations, Labor Productivity, and Choice of Technique: British and U.S. Cotton Spinning
通过比较19世纪下半叶英美棉纺业发展,分析资本-劳动关系如何影响工资水平、劳动生产率和技术选择,揭示新古典理论的局限并指向更具历史相关性的理论。
The role of capital-labor relations in the transformation of inputs into output is central to the Marxian theory of capitalist development but is neglected by neoclassical theory. By comparing the development of cotton spinning in Britain and the U.S. in the last half of the nineteenth century, this paper analyzes the ways in which capital-labor relations affected the level and structure of wages, labor productivity, and choice of technique. This case study demonstrates the descriptive and predictive limitations of the neoclassical theory of choice of technique while at the same time pointing the way towards the development of a more incisive, and historically relevant, theory.