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