Re: (OPE-L) Luxemburg's Intro to P.E. in English

From: Fred Moseley (fmoseley@MTHOLYOKE.EDU)
Date: Sat Nov 20 2004 - 09:38:18 EST

On Fri, 19 Nov 2004, Riccardo Bellofiore wrote:

> At 10:21 -0500 19-11-2004, Fred Moseley wrote:
> >
> >Riccardo, I don't recall any of the Levy crowd saying anything about the
> >rate of profit, whereas I think it is fundamental to understanding the
> >current world economic situation.
> >
> >And they certainly do not say anything about unproductive labor, the
> >main cause in my view of the decline of the rate of profit in the postwar
> >US economy.
> of course, my point was about the financial side. I am not asking PK
> guys to be Marxists, but I may ask Marxists to recognize where PK
> theorists have contributed significantly.


I certainly agree that PK theorists have contributed significantly
to the understanding of debt problems and financial instability,
which is a valuable supplement to Marx's theory of the rate of profit.


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