Sez Mark:
> I already mentioned that, even
> before considering this capital shortage from the point of view of
> value-theory, it is possible to recognise it empirically and even
> anecdotally. There is a huge underinvestment in infrastructure
> renewal, for example, in many OECD countries, and
Mark Jones wrote:
> As
> for K-waves in general, Trotsky's criticism of Kondratiev was right (altho
> clearly there are some periodicities involved with infrastructure investment
> for example, as I mentioned earlier in connection with Kuznets). Trotsky
> said:
>
> >>One can reject in advance the
I'm not sure this set up of opposing frameworks represents those found on
PEN. I don't recall who on PEN-L makes the move that increases in
productivity should be equated with the notion that there is a
"New Economy", one that is substantively different from what preceeded it
in terms of source of
Yoshie Furuhashi:
>
>
> >[Is capitalism suffering from over-production, as some argue, or
> is there a
> >capital shortage bordering on famine, at the heart of the world
> crisis and
> >an indicator that capitalism has entered a historical impasse, as Louis
> >Proyect and I argue?
> >
> >Larry Ell
Kondratiev>
http://csf.colorado.edu/authors/Alexander.Mike/longwave.html
> Several questions. Do K-waves actually exist> Yoshie
Better question: if they did, how would you know
you were or were not in one? Who in their right
mind would rely on a theory that purported to
predict when they be
Kondratiev>
http://csf.colorado.edu/authors/Alexander.Mike/longwave.html
> Several questions. Do K-waves actually exist> Yoshie
