There's a whole mainstream literature on this subject, called _congestion
externalities_, though I've never actually seen it used to discuss
profit rates and it's an interesting idea. The place it usually appears
is in literature on adjustment: For example, if this effect occurs when
there is
Alan,
Here are two brief comments on your recent post concerning Okishio.
I.
Lest we simply celebrate the refutation of Okishio, I think your example
raises a question about the nature of technical change in Marx's CAPITAL.
As you know, I maintain that Marx's notion of technical chang
John L Gulick writes:
>>Can't the rate of profit also fall when technical and
organizational changes which increase surplus value extraction
meet various "natural limits to growth" ?
For example, socio-technical change in intermodal shipping --
containerization, concentration of capital,
(By mistake I sent the following only to Alan Freeman; in fact,
I sent it twice. Here's it again, Alan, but this time it should
go to pen-l, too.)
Concerning my efforts to understand his missive on the Okishio
theorem using a rate of return formula, Alan Freeman writes:
>>My only comment ab
In my humble opinion, big business can afford to keep a
diversified political portfolio. In the US they support both the
Democrats _and_ the GOP. In Weimar Germany, I'm sure they
supported any political party that they thought had a chance of
taking power, except probably the Communist Party.
On Tue, 20 Jun 1995 16:40:04 -0700 <[EMAIL PROTECTED]> said:
> I know nothing about the Turner/Abraham case, and
>if what has been alleged is true then Turner is (was?)
>a scumbag, something unheard of in academia :-) .
> It is probably accurate to describe him as an
>apologist for German
This was Ricardo's argument for a declining rate of profit. Marx wanted
to develop an argument that was internal to his theory of capitalist
dynamics, i.e., not imposed outside the system. Not that Ricardo was
wrong just that his argument was endogenous. David Levine discusses this
in one of h
Whoops, by accident I sent a sent a message intending to go to
[EMAIL PROTECTED] to [EMAIL PROTECTED] ...
It was entitled "Re:language and math" ...
Could I get it back ?
Thanks
John Gulick
[EMAIL PROTECTED]
Can't the rate of profit also fall when technical and organizational
changes which increase surplus value extraction meet various "natural
limits to growth" ? I adamantly am not talking a Club of Rome discourse
here, merely referring to the conditioning of "revolutions in value
production" by the
At 4:08 PM 6/20/95, [EMAIL PROTECTED] wrote:
>To Doug Henwood:
> You probably have a point that the Left has failed
>to "reach" the alienated ranchers, etc. (I note that
>lumberjacks were the original base of the IWW and that
>Marx once forecast that US cowboys would be the purest
>proletaria
I know nothing about the Turner/Abraham case, and
if what has been alleged is true then Turner is (was?)
a scumbag, something unheard of in academia :-) .
It is probably accurate to describe him as an
apologist for German Big Business, but I would be curious
to hear a refutation of the
To Doug Henwood:
You probably have a point that the Left has failed
to "reach" the alienated ranchers, etc. (I note that
lumberjacks were the original base of the IWW and that
Marx once forecast that US cowboys would be the purest
proletariat, unencumbered by the remants of feudalism and
on t
Jim Devine is correct. Both Andrew Kliman and I have argued that the
capital loss part is very important.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 916-898-5321
E-Mail [EMAIL PROTECTED]
Alan Freeman's dissection of the error of the Okishio approach is
very interesting. May I ask, does the following clarification
help?
In money and banking, it's common to separate the _yield to
maturity_ on a long-lived bond from the _rate of return_ (ROR)
during the holding period, as follow
A colleague has requested help with citations. Evidently a recent Forbes
referred to "Roemer's now very au current theory about the economic
leadership role technology will now play." Has anyone seen the Forbes
article? Do any of you know to which of Roemer's efforts the article might
refer?
In addition to Tavis Barr and Alan Freeman's criticisms of
Okishio (and my own scattered comments), I'd like to add another
point.
First, it is important to separate the issue of rising
mechanization of production from the tendential fall of the rate
of profit.
Second, on the former, it's
This is not a defense of Clinton's reception
of Chirac, who is proving his Gaullism to the French
military, but an effort to analyze why it happened.
Bill, you are basically right, those in the North,
except for Greenpeacers, do not care what happens in the
South. Policymakers care abou
On Thu, 15 Jun 1995 [EMAIL PROTECTED] wrote:
> But the point still holds: if one replaces Marx's simplifying
> assumption with a demonstrably market-relevant condition (long-run
> wages constant at the subsistence level), there is no "tendency" for
> the rate of profit to fall--and this is
CThis retransmits a post which doesn't seem to have got
through. This is what my [PEN-L 5579]refers to as 'earlier'
In PEN-L 5546 Gil Skillman writes:
__
Due essentially to mathematical argument, we now have a
better understanding of the
To: [EMAIL PROTECTED] (James Devine)
Subject: Re: [PEN-L:5595] Re: Okishio vs. Marx
From: ernst
On Tue, 20 Jun 1995 [EMAIL PROTECTED] (James Devine) said:
>I am unclear of what the point of your post is.
>
>My point was that I wasn't surprised by the Okishio theorem or the
literatu
Yesterday, Dale Wharton wrote:
When pen-l doesn't arrive for two days running, try this
one-line message--no subject:
set pen-l mail ack
Remember to send it (only) to the automatic list processor,
[EMAIL PROTECTED]
Sometimes this will work. When your mailbox starts bouncing your
messages bec
Dear Penners: Evan Jones asked a question but I don't have his address.
Apologies to the list, please delete if not interested.
Evan Jones - 448 - 3063 wrote:
>
> I am curious as to how Mike Meeropol can teach in an economics
> department within a program labelled 'cultures past and present'.
Lynn Turgeon drew attention to Ithaca HOURS, a successful local
currency. There are many experiments with local currencies, usually
restricted to a particular town or region, taking place today in many
different countries. Some of these are known as "LETS" (Local Employment
Trading Systems).
Curtis Moore's piece on mathematics was one the most informative and the best
pieces I have read on pen-l. Could we have more of this please!
Cheers, ajit sinha
24 matches
Mail list logo
