Re: [OPE-L] Marx on the 'maximum rate of profit'

From: Paul Cooney (pcooney@GLOVESOFF.ORG)
Date: Tue Oct 10 2006 - 18:20:58 EDT

Although I havenīt followed this whole thread, in my opinion, the maximum rate
of profit, defined as S/C, derived from V=0, is a limit to a particular
mathematical expression of the rate of profit, namely the rate of profit= f(v)
and does not reflect an historical tendency, though it is not a mathematical
tautology, as it clearly contrasts with the idea of the maximum rate of profit
being infinite.

Paul Cooney

Citando Jerry Levy <Gerald_A_Levy@MSN.COM>:

> > I do not think the maximum rate of profit argument is a mathematical
> > tautology since it is grounded on the idea of a rising composition of
> > capital (rising c/L) which is a historical tendency of capitalism.
> Paolo:
> It is worse than a tautology.  If a maximum rate of profit existed
> (as defined by modern Marxists, not Marx)  then capitalism would
> be both conceptually and historically impossible.
> In solidarity, Jerry


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