[OPE-L:6469] Re: Re: Competition and equalization of profit rates - an abstract

jurriaan bendien (Jbendien@globalxs.nl)
Thu, 16 Apr 1998 19:12:26 +0200

Jerry writes in response to Eduardo's points on the equalisation of the
rate of profit,
> I agree with the above. I wonder: do others?

I certainly do. It accords fully with Marx's own text and with the
empirical evidence, as Ernest Mandel already pointed out in 1960.

> However, even if all of the above is true, it may _also_ be the case that
> there are other variables (e.g. related to market structure) inhibiting
> profit rate equalization.

Which is why any specific empirical analysis of capitalist development must
necessarily involve a "multi-causal" approach.


Jurriaan Bendien