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> Rakesh is right on target here. The Babbage problem is central to the
problem
> associated with Rational Expectations Marxism. In an economy with rapid
tech.
> change, no one can predict what an appropriate value-depreciation should
be.
Does this not vitiate the whole premise of the formation of a uniform rate
of profit?
Is the idea of a transformation from values to prices of production still
tenable
if the valuation of fixed capital is indeterminate?
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