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From: owner-ope-l@galaxy.csuchico.edu on behalf of aramos@aramos.bo
Sent: Wednesday, February 11, 1998 4:23 PM
To: ope-l@galaxy.csuchico.edu
Cc: Multiple recipients of list
Subject: [OPE-L] Addendum, Marx and historical costs
Ale writes: "I think I made a mistake here, because the term
b^(-t)
------ *{b + b^2 + ... + b^t}
b
would not be equal to:
{(1/b) + (1/b)^2 + ... + (1/b)^t}
So, where is the mistake?"
I think they *are* equal. In the second case the series in braces {} is
written in reverse order. For instance, taking the last term in the first
series, b^t, we get
b^(-t) b^t
------*--- = 1/b
b
Andrew Kliman