On 3 December 2010 16:33, GERALD LEVY <gerald_a_levy@msn.com> wrote:
>
> Then, in what sense can these be taken to be "predictive" of a real process
> associated with a capitalist
> economy? A predictive model has to be adequately specified (i.e. adequate
> as a specification of the real
> subject itself) for its predictions to have any real meaning.
>
Sorry, I meant to say that the steady-state rate is predicts the center of
gravity of the distribution of profit rates in a real capitalist economy.
//Dave Z
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Received on Fri Dec 3 10:39:57 2010
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