Re: [OPE-L] J Winternitz's "The Marxist Theory of Crisis" online

From: michael perelman (michael@ECST.CSUCHICO.EDU)
Date: Fri Dec 24 2004 - 12:04:32 EST

Jerry, I would also like to see the statistics, but the government does
nothing to survey replacement investment; only gross investment.

Gerald_A_Levy@MSN.COM wrote:

>So ... replacement investment increases during the expansion.
>What I want to see is the following: statistics on replacement investment
>over a long period of time, for as many countries as possible,  in which one
>can compare the rates that occur during contractionary periods to the rates
>that occur during expansionary periods.  Until I see that, I am skeptical
>about any claims re the empirical record on this subject.

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