Michael Perelman wrote: > The reason that inflation and depreciation has to do with the rate of profit is that >the > numerator has a capital stock associated with it. For example, if a computer is >bought in > one year, we cannot merely take the market price from last year as its contribution >to the > total capital stock. _______________ Of course not. We take the price of the computer today to value the capital stock. What is the problem with that? Cheers, ajit sinha > > > Ajit Sinha wrote: > > > What inflation or deflation has got to do with calculating the generalized rate of > > profits? It is a measure for a given point in time, it has nothing to do with >changes in > > prices. And if the calculation of the > > generalized rate of profits is "abstract", then what economic calculation could be > > characterized as "concrete"? > > --- > Michael Perelman > Economics Department > California State University > Chico, CA 95929 > > Tel. 530-898-5321 > E-Mail [EMAIL PROTECTED]
