Re: [OPE-L] Marx on the 'maximum rate of profit'

From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Tue Oct 10 2006 - 18:05:34 EDT

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> I do not think the maximum rate of profit argument is a mathematical
> tautology since it is grounded on the idea of a rising composition of
> capital (rising c/L) which is a historical tendency of capitalism.


Paolo:

It is worse than a tautology.  If a maximum rate of profit existed
(as defined by modern Marxists, not Marx)  then capitalism would
be both conceptually and historically impossible.

In solidarity, Jerry

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