[OPE-L:4237] RE: Re: Re: Part Two of Volume III of Capital

From: Paul Cockshott (paul@cockshott.com)
Date: Mon Oct 23 2000 - 06:20:48 EDT


Allin wrote:
As regards the transformation, I have this diagnosis.  One
coherent view of the issue is that stemming from Bortkiewicz.  

This is not coherent. The average rate of profit should have no place in
simple reproduction.  See my response to Paul C. 
Paul replies:
I would have thought that simple reproduction - long term equilibrium
with no change in technology - is just about the only circumstance
in which one could expect the rate of profit to have a narrow dispersion
about the mean.

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