[OPE-L:1668] Defining & understanding the accumulation of capital

John R. Ernst (ernst@pipeline.com)
Tue, 2 Apr 1996 09:56:29 -0800

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It seems to me that one of the issues tied up with the
accumulation of capital involves the way in which we
measure the constant capital accumulated. Some posts
ago, Chai-on and I (and others) spoke of the various
measures of the rate of profit. I remarked that it was
"sad" that in 1996 we could not agree on a definition of
the rate of profit. In the various definitions, the key
issue was how to measure constant capital. So here
we are again.