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

Paul C.,

I think your result is that the higher the level of unproductive
expenditures there is, the higher must be the surplus value (therefore,
profits) to SUSTAIN those high unproductive expenditures. Am I correct?

Jerry seems to claim that you are "partially Smith-inspired" but yours
seems to be mostly (or equally?) a marxist result.

Jerry also comments that your result suggest that "if corporations and
states want to increase the long-term rate of profit all they have to do
is increase unproductive expenditures", but I think you are talking long
run.

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 2:48 PM, Paul Cockshott wrote:
> 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.
>>
>>
> _______________________________________________
> ope mailing list
> ope@lists.csuchico.edu
> https://lists.csuchico.edu/mailman/listinfo/ope
>
> The University of Glasgow, charity number SC004401
> _______________________________________________
> ope mailing list
> ope@lists.csuchico.edu
> https://lists.csuchico.edu/mailman/listinfo/ope
>
>
>
_______________________________________________
ope mailing list
ope@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/ope
Received on Mon Nov 29 12:45:45 2010