From: Riccardo Bellofiore (riccardo.bellofiore@UNIBG.IT)
Date: Thu Nov 18 2004 - 13:27:02 EST
At 9:42 -0800 18-11-2004, Rakesh Bhandari wrote: >>Actually Moseley does not seem to me to be a falling rate of profit >>guy, read carefully. > >read carefully? that's a bit patronizing. If I read carefully: sorry. And in any case if there is something I would nevr deny is that you are a careful reader. > I don't think Andrew T >thought I had not read his critique of Grossman carefully. I just did >not agree that it proved much. But as for Moseley I'll have to figure >out why he wrote a book with FROP in the title. that's a good question. friendly joke: I think that whoever wants to be orthodox would never say that the TRPF is wrong; and since it figures prominently in Vol. III, would frame his argument in that terminology. I would say that in Fred the focus is on unproductive labour squeezing the profit rate. btw: me myself (though I would never claim to be orthodox, as RL wanted to be) would say that the TRPF would be essential in a overwhole crisis theory based on LTV, which should put together TRPF, disproportionality-effective demand crises, workers struggle in value production. > >Perhaps Fred will respond. may be riccardo -- Riccardo Bellofiore Dipartimento di Scienze Economiche "Hyman P. Minsky" Università di Bergamo Via dei Caniana 2 I-24127 Bergamo, Italy e-mail: riccardo.bellofiore@unibg.it direct +39-035-2052545 secretary +39-035 2052501 fax: +39 035 2052549 homepage: http://wwwesterni.unibg.it/dse/homepage/bellofiore.htm
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