Re: [OPE] webpage computing dynamic rate of profit

Hmm, typo.

the equilibrium rate is not *dependent* of the distribution of income
between labour and capital.

//Dave Z

Jurriaan Bendien wrote:
> I cannot evaluate this research, because I lack information about what
> exactly was done. In scientific research, what we require are careful,
> exact, comprehensible and complete descriptions of methods, concepts,
> data and sources used. Unfortunately with these input-output Marxists,
> they often do not provide this, so it is anybody's guess where they
> get their numbers from, or what those numbers really mean.
>
> To relate profitability to population growth rates seems a very odd
> idea, because there is no obvious historical correlation. It seems
> more a sperm theory of profit. When from the mid-1960s the profit rate
> dropped, for example, population growth did not decline, to the contrary.
>
> I think problems with this type of research are:
>
> (1) capital stock data are of dubious quality given the large number
> of assumptions necessary
> (2) real gross profit volumes diverge from their value-added measures
> (3) the assumption that the profit-wage ratio proportion and the
> surplus labour/necessary labour proportion or S/V must be similar or
> identical is unproven.
> (4) Measuring profitability as a profit flow against a fixed capital
> stock tells us little about actual profitability, which isn't
> calculated this way.
> (5) it is implied that production capital equals total capital, but it
> isn't.
> (6) the empiricist assumption is that official categories are more or
> less the same as Marx's categories, but they aren't.
>
> Jurriaan
>
>
>
>
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Received on Fri May 15 17:55:02 2009