On Thu, 16 May 1996, Alan Freeman wrote:
> A new quiz:
>
> (1) does the profit rate equalise?
I would add the questions:
(1.a) Would not an equalisation of the rate of profit
be equivalent to reducing the entropy of the system?
(1.b) Is the model for the equalisation of the rate of profit
a closed system?
I would answer yes to (1.a). If one answers yes to (1.b) then
it would clearly be fiendishly hard to construct a dynamical model that
will equalise profit rates.
If on the other hand, one allows a 'thermostat' in the form of of an
externally defined interest rate for example, then, one could
decrease the entropy of the system.
Paul Cockshott (wpc@cs.strath.ac.uk)