RE: [OPE] webpage computing dynamic rate of profit

Date: Sun May 17 2009 - 11:50:35 EDT

> This division does not show up in the stock variable of the denominator
> but is directly related to the flow variable in the numerator since
> surplus value is decomposed as: S = P + U, where P is profit-type income
> and U is unproductive expenditure.
Hi Dave Z:
The question is what happens to V? Conventionally, within Marxian
analysis, V, like C, is a cost of production and belongs in the
denominator of the rate of profit.
> Thus R* = S/K an upper-bound to R = P/K.

Of what relevance is R* for *empirical* studies? At best, it is a
misguided fiction selected for mathematical purposes and having
no bearing on actual capitalist economies. (NB: don't get me {re-}
started on this topic ....)
In solidarity, Jerry_______________________________________________
ope mailing list
Received on Sun May 17 11:58:40 2009

This archive was generated by hypermail 2.1.8 : Sun May 31 2009 - 00:00:03 EDT