One has to distinguish the rate of return on investment in equities which is affected by all the volatility of the stock market from the rate of return on real productive investment. That is what I was talking about. The flow rate is not particularly relevant to real investment.
________________________________________
From: ope-bounces@lists.csuchico.edu [ope-bounces@lists.csuchico.edu] On Behalf Of Gerald Levy [jerry_levy@verizon.net]
Sent: Sunday, May 17, 2009 10:23 PM
To: Outline on Political Economy mailing list
Subject: Re: [OPE] webpage computing dynamic rate of profit
> The flow rate is not what is relevant to a capitalist investor.
Paul C:
Are you assuming that the stock rate of profit equals the rate of return on
investment
(RRI)? It is the RRI, rather than the rate of profit, which is most
relevant for the
individual capitalist investor.
In solidarity, Jerry
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Received on Sun May 17 17:30:47 2009
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