Jerry,
Let's define that max rate of profit as (v+s)/c as v
APPROACHES 0. Can we then assume the issue is
closed and that examinations of this max rate can be
meaningful in certain contexts.
John
On Sep 25, 1996 06:26:44, 'Gerald Levy <glevy@pratt.edu>' wrote:
>(1) Define accumulation of capital.
>
>(2) Assume v = 0.
>
>(3) If other assumptions are made, we can derive a "maximum rate of
>profit."
>
>(4) The *maximum* rate of profit happens, subject to the above, *only* in
>the case where accumulation of capital is non-existent.
>
>If someone can tell me how this is a "meaningful" result in any sense of
>the term, then please don't show me what a result that is not meaningful
>is.
>
>In OPE-L Solidarity,
>
>Jerry
>