[OPE-L:3834] Re: Re: Rational expectations Marxism

From: clyder (wpc@dcs.gla.ac.uk)
Date: Mon Sep 18 2000 - 05:09:22 EDT

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> Rakesh is right on target here. The Babbage problem is central to the
> associated with Rational Expectations Marxism. In an economy with rapid
> change, no one can predict what an appropriate value-depreciation should

Does this not vitiate the whole premise of the formation of a uniform rate
of profit?

Is the idea of a transformation from values to prices of production still
if the valuation of fixed capital is indeterminate?

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