The phrase "capital productivity" is a shorthand for the output/capital
ratio, or the maximum rate of profit (in the limit where real wages go to
zero).
Duncan
>Duncan,
> What do you mean by "constant capital productivity"? Constant capital
>doesn't produce value, right?
> Ted
>
Duncan K. Foley
Department of Economics
Barnard College
New York, NY 10027
(212)-854-3790
fax: (212)-854-8947
e-mail: dkf2@columbia.edu