Lakshmi Rhone wrote: > I think Keynes disconnects the expected profit rate from the actual returns > on marginal investments. The latter objective condition determines the > subjective condition more than Keynes recognizes.
that's right. me: > "I really don't care about theories explaining a [FROP] if it's due to > increasing capital intensity of production (rising OCC), since that's > a bogus theory." LR: > That's what someone may say about the law of gravity until the ceiling falls > on his head. that's taking as proven something that's been disproven many times. It's more of a matter of faith than of reason. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
