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Competition among capitalists requires that they constantly reduce the costs of production, by cutting wages or some other means, while increasing ou… - Ted C. Lewellen
" "Competition among capitalists requires that they constantly reduce the costs of production, by cutting wages or some other means, while increasing output through technological change and greater efficiency. The process, then, involves three intertwined aspects:
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About Ted C. Lewellen
Ted C. Lewellen (born 1940) is Professor of Anthropology at the University of Richmond.
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Alternative Names:
Ted Lewelllen