From: paul cockshott (clyder@GN.APC.ORG)
Date: Thu Dec 18 2003 - 07:50:09 EST
For this purpose I am not so concerned with the comparability of the figures, I am more concerned with whether there are broad trends in the organic composition. The figures that I am using for the UK are those from the paper that Allin and I had in Capital and Class 55, where we set out our methodology in some detail. I would not expect other peoples methodologies to be identical. -----Original Message----- From: OPE-L [mailto:OPE-L@SUS.CSUCHICO.EDU] On Behalf Of Simon Mohun Sent: 18 December 2003 10:52 To: OPE-L@SUS.CSUCHICO.EDU Subject: Re: Figures on the declining rate of profit Hi Paul C, How are you defining the OCC? Are you using productive capital and productive labour? Or all capital and all labour? Is capital fixed capital only or are you including inventories and work in progress? What about the constant capital elements of circulating capital? And finally (!), presumably you are using constant price series (otherwise you are measuring the VCC), but what are your deflators? Any figures you get are going to be sensitive to the answers presumed to these questions, and are therefore highly likely to be noncomparable. Seasonal greetings to all, Simon At 10:15 18/12/03 +0000, you wrote: >I am writing something where I want to cite evidence of a declining rate >of profit being >empirically associated with a rising organic composition of capital. I >have figures for >the UK, does anyone have figures they could email me for other countries. >I am looking for tabular data that I can format into graphs myself. > >I will of course acknowledge the source of all data cited. > > >Paul Cockshott >Dept Computing Science >University of Glasgow >(44) 141 330 3125 > > ---------------------------------------------------------------------------- --------------------------------- Dr. Simon Mohun Centre for Business Management Queen Mary, University of London Mile End Road London E1 4NS Tel. +44-(0)20-7882-5089 (direct); +44-(0)20-7882-3167 (Dept. Office) Fax: +44-(0)20-7882-3615 Webpage: www.qmul.ac.uk/~ugte154 ---------------------------------------------------------------------------- ---------------------------------
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