[OPE-L:4002] Re: Depreciation Questions

Michael Perelman (michael@ecst.csuchico.edu)
Thu, 16 Jan 1997 14:15:54 -0800 (PST)

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John says that Marx says that capitalists base their calculations on
expected lifetimes of capital. Elsewhere Marx says that few capitalists
ever recover their costs for large scale fixed capital investments.
Like Keynes, he seems to believe that an irrational greed leeds them to
invest badly.

Others then come in, buy the depreciated capital, and reap the rewards.

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321 E-Mail michael@ecst.csuchico.edu