Re: [OPE] Just published: THE NATIONAL QUESTION AND THE QUESTION OF CRISIS (RPE, Vol. 26)

Theoretically I mean a rise in the undproductive expenditure causes a rise in the rate of profit. The equation is the one I presented at the conference in Turkey last year,
R=(l'+t'+d)/(1-u)
where R is the attractor for the rate of profit
l' is the time derivative or rate of growth of the labour force
t' is the time derivative or rate of growth of labour productivity
d is the rate of depreciation of capital
u is the share of surplus value unproductively consumed
This formula can be deduced from first principles of the labour theory of value as I showed in the paper in Turkey
We can empirically verify it using real data, as we have done in a number of draft papers.
________________________________________
From: ope-bounces@lists.csuchico.edu [ope-bounces@lists.csuchico.edu] On Behalf Of Paul Zarembka [zarembka@buffalo.edu]
Sent: Saturday, November 27, 2010 1:49 PM
To: Outline on Political Economy mailing list
Subject: Re: [OPE] Just published: THE NATIONAL QUESTION AND THE QUESTION OF CRISIS (RPE, Vol. 26)

Paul C.,

"An increase is unproductive expenditure has been the main means ... to
raise the rate of profit". Do you suggest causation or correlation?
Unproductive expenditure is an expenditure, after all, not a source of
profits as such.

Paul Z.

=====
(V23) HIDDEN HISTORY OF 9-11, Seven Stories Press, 2nd ed. softcover
(V24) TRANSITIONS IN LATIN AMERICA (V25) WHY CAPITALISM SURVIVES CRISES
(V26) THE NATIONAL QUESTION AND THE QUESTION OF CRISIS
====> Research in Political Economy, Emerald Group, Bingley, UK
====> P.Zarembka, Ed., www.emeraldinsight.com/books.htm?issn=0161-7230
.

On 11/27/2010 3:10 AM, Paul Cockshott wrote:
> The work that me , Allin and David have been doing on the rate of profit shows that the increase in unproductive expenditure has been the main means used by capitalism in the metropolises since 1980 to raise the rate of profit.
>
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Received on Sat Nov 27 14:53:06 2010