[OPEL:6178] RE: L] Addendum, Marx and historical costs

andrew kliman (Andrew_Kliman@CLASSIC.MSN.COM)
Thu, 12 Feb 98 04:12:12 UT

A reply to the PIAF:

From: owner-ope-l@galaxy.csuchico.edu on behalf of aramos@aramos.bo
Sent: Wednesday, February 11, 1998 4:23 PM
To: ope-l@galaxy.csuchico.edu
Cc: Multiple recipients of list
Subject: [OPE-L] Addendum, Marx and historical costs

Ale writes: "I think I made a mistake here, because the term

------ *{b + b^2 + ... + b^t}

would not be equal to:

{(1/b) + (1/b)^2 + ... + (1/b)^t}

So, where is the mistake?"

I think they *are* equal. In the second case the series in braces {} is
written in reverse order. For instance, taking the last term in the first
series, b^t, we get

b^(-t) b^t
------*--- = 1/b

Andrew Kliman