Thus queried Jerry (in part):
>There is also the question, that I have never heard what I view as a
>satisfactory answer to, concerning the relation between the AGLCA and the
>LTGRPD (law of the tendency for the general rate of profit to decline).
>Can someone explain to my satisfaction the relation between the two
>"laws"?
The reserve army hypothesis is concerned with cyclical changes in the wage
rate and the reserve army rate in response to changes in the rate of
accumulation.
FROP theory is concerned with secular changes in the rate of accumulation.
peace, patrick l mason