[OPE-L:3416] Re: Re: RE: Re: Re: equalisation of profit rates

From: Paul Cockshott (wpc@dcs.gla.ac.uk)
Date: Fri Jun 02 2000 - 05:39:24 EDT

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At 23:45 01/06/00 -0400, you wrote:
>I can see a case for this, if one is trying to measure a "social
>rate of profit". The fixed capital in banking is certainly
>accumulated past labour, and it was accumulated by capitalist
>enterprises in the expectation of profit, even if it does not
>serve as a means of extracting surplus value from current
In that case do publicly owned roads enter into the determination
of the social rate of profit?
Were the roads privately owned they would.
Were the whole economy publicly owned they would enter into
the determination of the maximum growth rate of the stock of
social means of production - the Von Neumann analogue of the
rate of profit?

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