From: michael a. lebowitz (mlebowit@SFU.CA)
Date: Mon Dec 04 2006 - 14:26:45 EST
And OURS./m At 14:36 04/12/2006, you wrote: ><mailto:mlebowit@SFU.CA>mlebowit@SFU.CA: >Insofar as Marx demonstrated that the rate of profit would tend to >decline while the rate of surplus value is constant, this is >definitely a critique of Ricardo's 'falling rate of profit' (and >indeed all those like Mill who followed him in this). And Marx is >explicit--- noting that R ends up retreating to organic chemistry. >My 1976 Canadian Journal of Economics piece on the rate of profit >dealt with this point. > michael > > >Hi Michael, > >Thank you for pointing that out. Apart from his demonstration that >the rate of profit would tend to decline while the rate of surplus >value is constant I find Marx's methodological approach very >interesting. He proves himself again as the best dialectician of his time. > >Best > >Dogan > >Dogan Michael A. Lebowitz Professor Emeritus Economics Department Simon Fraser University Burnaby, B.C., Canada V5A 1S6 Currently based in Venezuela. NOTE NEW PHONE NUMBERS Can be reached at Residencias Anauco Suites Departamento 601 Parque Central, Zona Postal 1010, Oficina 1 Caracas, Venezuela (58-212) 573-6333, 571-1520, 571-3820 (or hotel cell: 0412-200-7540) fax: (58-212) 573-7724
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