On Mon, 10 Mar 1997, john ernst wrote:
> The rates of return which, at first, seemed
> the same, diverge over time as the capitalist with the
> machine withdraws funds collected as depreciation. Risk
> aside, of the two this capitalist seems to be in the
> better position. Agreed?
>
> If so, how we compute the rate of profit becomes the problem.
You'd compute it as the IRR or MEC, wouldn't you?
Allin Cottrell
Department of Economics
Wake Forest University