On Tue, 24 Oct 2000, you wrote: > Re Allin's 4258 > > >On Tue, 24 Oct 2000, Rakesh Narpat Bhandari wrote: > > > >> These equilibrium habits are hard to break. > > > >What is the assumption of an equalized profit rate, if not an > >"equilibrium habit"? > > The profit rate is equalized at t-1 as it is equalized at t+1. It > need not be *exactly the same* equalized profit rate as your > equilibrium thinking insists against all realism. > The point is that something must happen to cool the system down and narrow the dispersion of profit rates if you are going to have a single average profit rate. The question at issue is not whether the rate is the same in two time periods, but how you can achieve such a low entropy in the first place. I would have thought that it is only concievable over a long time period in the absence of changes in technology or external perturbations. -- Paul Cockshott, University of Glasgow, Glasgow, Scotland 0141 330 3125 mobile:07946 476966 paul@cockshott.com http://www.dcs.gla.ac.uk/people/personal/wpc/ http://www.dcs.gla.ac.uk/~wpc/reports/index.html
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