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

That is the non dynamic solution Gerry, you have to take into account the effect of the time integral of the accumulation rate on the rate of profit. The higher the unproductive consumption, the less the accumulation and the lower the organic composition and hence the higher the long term rate of profit.
Remember that the organic composition stabilises when net accumulation per worker equals zero.
________________________________________
From: ope-bounces@lists.csuchico.edu [ope-bounces@lists.csuchico.edu] On Behalf Of GERALD LEVY [gerald_a_levy@msn.com]
Sent: Saturday, November 27, 2010 6:08 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.

Hi Pauls:

Yes, and unproductive expenditures could be viewed, in the aggregate,
as a deduction from surplus value and hence a reduction in the rate
of profit (using the simple formula s/c+v).

In solidarity, Jerry
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Received on Sat Nov 27 14:55:17 2010