On Thu, 26 Oct 2000 glevy@pratt.edu wrote: > Allin wrote in [OPE-L:4281]: > > > <snip, JL>; on the other hand, I don't > > believe that _any_ real capitalist economies over any historical > > period have closely approximated an equalized rate of profit. > > This is a very strong empirical/historical claim, imo. Do > you have the data "for _any_ (and all?, JL) real capitalist > economies over any (and all "modern"?, JL) historical > period"(s)? If not, how do you support the above claim? I don't mean that I have very extensive data. But the data we do have show fairly wide and stable dispersion of profit rates. There are also strong a priori grounds for such a claim: Given the randomness inherent in the "anarchy of the market" it's very improbable that the distribution of profit rates should be almost degenerate. Allin.
This archive was generated by hypermail 2b29 : Tue Oct 31 2000 - 00:00:12 EST