A reply to ope-l 5153:
John wrote: "In my scenario, investment in techniques that bring about an
increasing difference between the social value and the individual value would
lead to an increasing RRI as well as increasing depreciation funds which could
be used for
more investment. It is this "accelerated accumulation" that brings about the
falling rate of profit albeit with an increasing RRI. The resulting
"bunching" of investment seems to the cause. I'm not sure how the FRP per
se leads to a bunching of investment."
I've read this several times, and I don't understand it. Could you please
explain further, John?
Andrew Kliman