[OPE-L:627] Re: Forms of Tech. Change (digression)

• Messages sorted by: [ date ][ thread ][ subject ][ author ]
• Next message: glevy@acnet.pratt.edu: "[OPE-L:628] Forms of Tech. Change (digression)"
• Previous message: John R. Ernst: "[OPE-L:626] Forms of Tech. Change (digression)"

Andrew and I and others have worked on this problem before. The Falling
Rate of Profit might best be understood outside of the simple C+V+S
framework. With rapid technical change, the elimination of historical
capital values creates a sequence of capital losses that drags down profits.

I thought Andrew had gone over this before on this list.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail michael@ecst.csuchico.edu

• Next message: glevy@acnet.pratt.edu: "[OPE-L:628] Forms of Tech. Change (digression)"
• Previous message: John R. Ernst: "[OPE-L:626] Forms of Tech. Change (digression)"