From: Riccardo Bellofiore (riccardo.bellofiore@UNIBG.IT)
Date: Fri Nov 19 2004 - 10:46:45 EST
At 10:21 -0500 19-11-2004, Fred Moseley wrote: >On Thu, 18 Nov 2004, Riccardo Bellofiore wrote: >Riccardo, I don't recall any of the Levy crowd saying anything about the >rate of profit, whereas I think it is fundamental to understanding the >current world economic situation. > >And they certainly do not say anything about unproductive labor, the >main cause in my view of the decline of the rate of profit in the postwar >US economy. of course, my point was about the financial side. I am not asking PK guys to be Marxists, but I may ask Marxists to recognize where PK theorists have contributed significantly. > Actually Moseley does not seem to me to be a falling rate of profit > >guy, read carefully. > > >When I first read this I said, "What?!" >But from a later post, I realize that >what you mean is that I emphasize the >increase of unproductive labor, more than >the increase of the composition of capital, >which is true (although I think the latter >is still important). it is as you realized from the later post. rb -- Riccardo Bellofiore Dipartimento di Scienze Economiche "Hyman P. Minsky" 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://www.unibg.it/dse/homepage/bellofiore.htm
This archive was generated by hypermail 2.1.5 : Sun Nov 21 2004 - 00:00:01 EST