RE: [OPE] webpage computing dynamic rate of profit

> Again, you have not addressed the problem of measuring the stock of net
> wage costs.
 
 
Dave:
 
Again, you have to deal with the conceptual issues first.

> Wage costs would be more relevant when measuring the flow rate of
> profit, not the rate of return on productive assets.
 
 
Then, why not measure the "flow rate of profit"?
 

>> Tell that to Shaikh and Tonak, for them it is relevant to consider an
> upper bound, I'm not directly considering that: R = P/K.
 
 
As I recall (and my memory could be incorrect, of course), the 'maximum
rate of profit' was not a concept which was operationalized in their
empirical studies.
 
In solidarity, Jerry_______________________________________________
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Received on Sun May 17 12:29:30 2009