It seems to me that one of the issues tied up with the
accumulation of capital involves the way in which we
measure the constant capital accumulated. Some posts
ago, Chai-on and I (and others) spoke of the various
measures of the rate of profit. I remarked that it was
"sad" that in 1996 we could not agree on a definition of
the rate of profit. In the various definitions, the key
issue was how to measure constant capital. So here
we are again.
John