[PEN-L] A note on overaccumulation

I am sorry I do not have time for a more detailed response to this interesting thread. One of the themes I have been playing with in my writings is the idea that industries with high fixed costs and low marginal costs are prime candidates for bankruptcy without some constraint on competition.

Re: [PEN-L] A note on overaccumulation

Michael Perelman wrote: I am sorry I do not have time for a more detailed response to this interesting thread. One of the themes I have been playing with in my writings is the idea that industries with high fixed costs and low marginal costs are prime candidates for bankruptcy without some