[OPE-L:3246] RE: Equal Profit Rates

Paul Cockshott (wpc@cs.strath.ac.uk)
Thu, 3 Oct 1996 01:39:30 -0700 (PDT)

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>In response to my remarks on the intended import of the Okishio theorem, Paul
>C wrote in ope-l 3221: "It is then not a potential theory of scientific
>political economy, but a proposition of mathematics, so why be concerned with
>What I wrote indicated that the theorem makes claims concerning *causation*,
>the causes of change in the profit rate, under certain assumptions
>(Okishio-viable technical change, uniform profitability). I don't see how one
>can conclude from this, as Paul does, that the theorem is "a proposition of

Just that if the theorem is a theory about economies, and that it is non-vacuous
it must make some testable predictions. If it does not, then it must be a
of a some specialised branch of mathematics.
Paul Cockshott