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What does it mean to be a left wing economist today? |
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Page 11 of 38
The point of departure for Luxemburg’s analysis, from which her illuminating conclusions follow, is another diagram drawn by Marx:
Department One 4000 c + 1000 v + 1000 s = 6,000
Department Two 2000 c + 500 v + 500 s = 3,000
Marx proposed thinking of capitalist production as divided into two departments. Department One makes production goods, such as tractors and electricity generators. Department Two makes consumer goods, such as bread and shoes. The products of Department One are inputs used by Department Two, since the latter cannot make consumer goods without the tools made by the former. The workers and owners of Department One need bread and shoes the same as everyone else, and so they rely on Department Two to produce the necessities and conveniences of life for them.
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