From: Fred Moseley (fmoseley@MTHOLYOKE.EDU)
Date: Sat Sep 15 2007 - 10:19:02 EDT
Quoting Ian Hunt <ian.hunt@FLINDERS.EDU.AU>: > Dear Fred, > The system that is explicitly based on Brody is in the footnotes. > With one slip fixed up, it is: > > p (C + vl + Kr) = p, > where C is the matrix of constant capital inputs (cij) , ie the > matrix of inputs j into the production of i per year, v is the wage > bundle per hour, l is the vector of labour inputs li into the > production of i per year, and K is the matrix of capital stocks cij . > tij + vli . ti , where tij is the turnover period of the capital > input j into the production of i and ti is the turnover period of > the variable capital input in the production of i. The turnover > periods are the capital stock inputs divided by the capital flow > inputs. I hope this is clear enough, Hi Ian, thanks for the clarification. If the capital stock input is a machine, what is the capital flow input? How do you divide the machine by the capital flow inputs to obtain the turnover period? Thanks again. Comradely, Fred ---------------------------------------------------------------- This message was sent using IMP, the Internet Messaging Program.
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