Re: [OPE] Estimating profit rate attractors

From: Dave Zachariah <>
Date: Fri May 01 2009 - 14:44:49 EDT

Paul Cockshott wrote:
> What I would like to set up a thread to discuss here is whether it is better to estimate the profit rate as net of depreciation or whether one should estimate it gross of depreciation.
> One also has to decide whether the rate of improvement in labour productivity should be net of or gross of depreciation.

I follow the style of Duncan Foley, Gerard Dumenil and Dominique Levy
who take the net domestic product as the result of living labour and
depreciation of the capital stock as past labour.

//Dave Z
ope mailing list
Received on Fri May 1 14:47:05 2009

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