> Date: Fri, 6 Feb 1998 20:24:50
> From: aramos@aramos.bo
> To: ope-l@galaxy.csuchico.edu
> Subject: Re: Addendum, re Marx and historical costs
After reading a printed copy of the above mentioned post, I realized
that there is a mistake in the formula of the *capital advanced*
before the losses are writing down.
Actually, in Andrew''s model, this advanced capital should be
something like that:
K[t] = v[o]*f[o] + v[o]*f[1] + v[1]*f[2] + ... + v[t-1]*f[t]
where the "f" are the *additions* to fixed capital carried out at the
beginning of each year, "valued" at the *output* prices of the
*preceding* circuit.
However, I haven''t figure out the solution of this sum. Maybe Andrew
has already calculated it!
Alejandro Ramos