In partial answer of Gerald's [OPE-L:3582], here is my bibliography on
Duncan's Circuit of Capital approach. Duncan, do you have more? If
you wanted to discuss this here in detail, I would be game; I have
done work on it and I have a graduate student doing empirical work
using the compustat data. It is complicated math, but it is the only
way to resolve some old issues in Marxist theory.
Duncan Foley. Realization and accumulation in a Marxian model of the
circuit of capital. *Journal of Economic Theory*, 28:300--319, 1982.
Duncan Foley. *Money, Accumulation and Crisis*, volume 2 of
*Fundamentals of Pure and Applied Economics*. Harwood Academic
Publishers, Chur, Switzerland, 1986.
Duncan Foley. *Understanding Capital: Marx's Economic Theory*.
Harvard University Press, 1986.
Jean-Guy Loranger. A reexamination of the Marxian circuit of
capital: A new look at inflation. *Review of Radical Political
Economics*, 21(1+2):97--112, 1989.
Peter Hans Matthews. *Essays on the Analytical Foundation of the
Classical Tradition*. Doctor of philosophy dissertation, Yale
University, May 1995.
Andrew Senchak. *United States Capital Accumulation: 1963--1977*.
Dissertation for the doctor of philosophy in the graduate school of
arts and sciences, Columbia University, New York, 1983.