Rakesh, Please don't forget to find the page citations to Luxemburg, for your statement in #4454. This is important because, in my experience, assertions about Luxemburg fly around and often times cannot be backed up by a careful reading. I don't know what is the case here; we'll hopefully be able to find it out when know what we are talking about. Thanks, Paul Z. *********************************************************************** Paul Zarembka, editor, RESEARCH IN POLITICAL ECONOMY at ******************** http://ourworld.compuserve.com/homepages/PZarembka #4454: >The schema of value on which >Luxemburg's analysis is based has different rates of profit in the >various branches of production, and these rates are not equated to >average rates, since the schema take no account of competition. What do >Luxemburg's conclusions amount to then as regards reality, when they are >derived from a schema having no objective validity?
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