Re: [OPE-L] why does the debate on the "transformation problem" continue?

From: Ian Wright (wrighti@ACM.ORG)
Date: Mon Mar 26 2007 - 12:20:04 EDT

> I am trying to find out, if they think our empirical data is wrong,
> or do they think that even in the absence of a general rate of profit there is
> still a transformation problem

Uniform profits is a simplifying assumption. The debate on the TP
could take place with a price of production equation that replaces the
single r with a diagonal matrix of r's. Uniform profits is not the
cause of the TP (the mere presence of profits is).

This archive was generated by hypermail 2.1.5 : Sat Mar 31 2007 - 01:00:12 EDT