On 2010-11-29 22:02, Paul Zarembka wrote:
> I am asking HOW you got the result "a rise in the
> undproductive expenditure causes a rise in the rate of profit".
Note that it is the *share* of unproductive expenditure, u, out of the
total surplus value that Paul C is talking about. His derivation of the
result is quite clear here:
http://reality.gn.apc.org/econ/Smithconf.pdf
The result may be 'perverse', but such are the laws of this economic system.
//Dave Z
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Received on Mon Nov 29 16:20:13 2010
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