From: glevy@PRATT.EDU
Date: Thu Sep 06 2007 - 11:48:33 EDT
> Still playing on my one string violin, what about cases when the turnover > period for constant capital is unknown? Hi Michael P: Then you include it as a variable with an unknown magnitude in the model. There are different ways in which this could be done: e.g. one could make certain assumptions that could give you a _range_ for the variable. This would, of course, introduce uncertainty into the model and mean that it wouldn't yield a single result. Yet, this is uncertainty which is a consequence of the essential nature of the subject matter: i.e. it is _real_ uncertainty and shouldn't be eliminated for purposes of mathematical convenience. In solidarity, Jerry
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