Me:
> >Isn't it worth getting some indication of the role of circulating (M) as
>well as fixed (K) capital, roughly, that (change in) ROP = (change in)
>K/Y+M/Y+S/Y?<
Jim:
>fine, do it. But I think that the rate of profit on fixed capital is more
>important in determining the ratio of net investme
>I am on a poor telnet connection, so I will be brief. Marx said that
>mechanization began in consumer goods and then moved to producer goods.
>In the first stage K/L should autmatically increase; in the second, it is
>indeteriminate.
I think Marx did think it was indeterminate, strictly speakin
I am on a poor telnet connection, so I will be brief. Marx said that
mechanization began in consumer goods and then moved to producer goods.
In the first stage K/L should autmatically increase; in the second, it is
indeteriminate.
On Sat, Dec 29, 2001 at 08:38:06PM -0800, Devine, James wrote:
>
