From: Dave Zachariah <davez@kth.se>

Date: Mon May 18 2009 - 08:32:21 EDT

Date: Mon May 18 2009 - 08:32:21 EDT

2009/5/18 GERALD LEVY <gerald_a_levy@msn.com>

*>
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*> Well, a demystified formula for the rate of profit from a Marxian
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*> perspective
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*> should include surplus value (S) and allow for S to be increased in ways
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*> other
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*> than just through increasing investment in (constant) capital stock. If V
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*> and
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*> S aren't included in the formula then it makes comparisons of the rate of
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*> profit to the organic composition of capital and the rate of exploitation
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*> more
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*> difficult: i.e. if you include c, v, and s in all three formulas then you
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*> shouldn't
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*> have a comparing apples and mangos type problem.
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*>
*

I'm not really sure what you are getting at. Initially you wanted to

computed the rate of profit with K + V in the denominator, where K is the

*stock* of constant capital, i.e. an integral.

I'm wondering what precisely you mean by V and how it is to be measured.

(It seems to me that you are mixing up the dimensions of the variables. The

flow rate of profit would be r = s/(c+v) where c and v are *flow* variables,

say, the constant capital and wage-payments *per annum*.)

//Dave Z

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Received on Mon May 18 08:34:18 2009

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