Jerry writes: >>But, FROP concerns the "law of the tendency for the *general* rate of profit to decline" (emphasis added). It was never intended to be a micro theory that dealt with the causes of declining profitability in individual capitalist firms and branches of production, but rather a macro theory that concerned aggregate capital and the general rate of profit. << Yes, Marx's FROP is exactly that. But what I presented was _my_ FROP theory. It's something that's been around in one form or another for a long time, so I shouldn't take credit for it. But I hope that the opposition Marx vs. me makes what I'm talking about clearer. in pen-l solidarity, Jim Devine [EMAIL PROTECTED] Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA 310/338-2948 (daytime, during workweek); FAX: 310/338-1950 "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- K. Marx, paraphrasing Dante A.
