Checking the archives, I found a post by Michael Lebowitz that I'd missed before. That got me thinking again on the issue.
I just ran a couple of scholar.google searches and found a long list of articles and books on the topic, until rather recently (early 2000s). Now, I browsed a few of those works and can't find anyone doing what I'd consider the most direct route to settling the issue (to the extent the issue can be reasonably settled), namely expressing the profit rate as a function of the minimal amount of parameters -- off the top of my head, after normalizing some variables, with no loss of generality, (1) the productivity in one department vis-a-vis the other, (2) the technical composition of capital, and (3) the workers' standard of living) -- and then use plain calculus to determine the direction of change of the profit rate under the assumption that, over the long run, (a) the productivity in one department vis-a-vis the other is trendless, (b) the technical composition goes up, and (c) the workers' standard of living goes up. Do you, guys, know whether this has already been done? _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
