Would someone please send me quickly the basic price and profit rate
equations that Roemer uses to "generalize" the Okishio Theorem to fixed
capital for his two special cases:
1. non-depreciating fixed capital
2. the von-Neuman rate of profit with depreciating fixed capital
In other words: what replaces the basic equation for circulating capital only?
p = (pA + pbL)(1 + r)
I need this for my class at UNAM tomorrow (Wednesday!) and don't have the
Roemer articles with me, so a prompt response would be very much
appreciated. If you want, you can send to me directly: fmoseley@laneta.apc.org
Thanks very much!
Fred