Re: [OPE] Open problems in Marxist economics: Workers' savings

From: Gerald Levy <>
Date: Thu Apr 08 2010 - 08:08:27 EDT

> You have to be more precise than this or your objection boils down to
> nothing.

Hi Dave:

I have a number of objections. Let's begin with a simple one: profits (or,
what you call the
monetary value of the surplus product,) includes 'investment goods' (that
is, constant
capital). Here, I think you are conflating C and S and this poses a number
of problems.
Is the rate of profit, then, in your formulation S + C / V instead of S/ C+

In solidarity, Jerry

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Received on Thu Apr 8 08:10:31 2010

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