On 29 November 2010 15:06, GERALD LEVY <gerald_a_levy@msn.com> wrote:
> Another issue:
>
> There is an interesting policy proposal implication to your theorization:
> if corporations and states want to increase the long-term rate of profit
> all they
> have to do is increase unproductive expenditures. This is a particularly
> odd perspective, imo, coming from someone who is partially Smith-inspired.
>
No, in the 'long run' this is not a necessary conclusion. In uncreased
unproductive spending raises the average profit rate quickly but would
affect the productivity growth rate negatively---a term in the numerator of
R---in the long term
/Dave Z
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Received on Mon Nov 29 09:40:51 2010
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