Re: [OPE-L] J Winternitz's "The Marxist Theory of Crisis" online

From: Gerald_A_Levy@MSN.COM
Date: Wed Dec 22 2004 - 11:06:19 EST

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> [...] the empirical evidence is that replacement investment does take
> place more vigorously during downturns,  when competitive pressure
> is strongest.  I discussed this in my Keynes book.

Michael P,

In what countries?
Over what period of time?  For what recessions?
What exactly is being measured?

Sorry I don't have your book, but I'd like to look at the data.

In solidarity, Jerry

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