Dave,
If you can explain the result in words, I'd be pleased to learn of it,
particularly if it differs from my own. I have made my attempt.
Paul
On 11/29/2010 4:48 PM, Paul Zarembka wrote:
> Dave,
>
> All my professional life I have tried to understand mathematical
> results, not simply report a derivation. Understanding implies being
> able to explain in normal language the mechanism that drives a result.
> That is the ONLY thing I am attempting now, with my questions to Paul C.
>
> Paul
>
>
> On 11/29/2010 4:17 PM, Dave Zachariah wrote:
>
>> 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 17:09:17 2010
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