Andrew:
Thanks for your button to be presented to me in t+1. I
think you are wrong thinking that Rieu copied off my
answer. He simply worked out the matter and obtained the
same results as I. So, you should give him another button!!
I think that your point is this: In investement decisions,
cost price is calculated by means of prices in t. The fact
that prices will change in t+1 does not affect the PRESENT
cost price, which is the amount of money-value which
capitalists actually advance TODAY. The "opportunity cost"
regarding a financial investment is calculated by means of
the PRESENT cost price, not by means of an eventual future
cost price higher or lower than that of today.
I guess that, in your view, a "simultaneist calculation"
would use the prices of t+1 to calculate the cost price in
t. This yields another rate of profit. Am I mad?
Alejandro Ramos M.
29.1.97
P.S. I want to have in my button the complete written text
of V. 3, Part III: I love "micro-books"!!