Re: [OPE-L] sundry

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Thu Sep 07 2006 - 05:33:51 EDT

A simple response to the reasons I gave would be appropriate. Again
here they are:

1. I argued that Kalecki and Crotty were confused about whether
profits determined investment or investment determined profit. I
argued that Crotty was wrong to rule out the possibility that
declining profitability could depress investment, and I said that Trigg
is best understood as in agreement with Crotty. Trigg did not discuss
but Crotty's work is invoked to make just this point in the Science and

I don't know about Crotty but Kalecki is pretty clear that investment
determines profits

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