Thanks to the several people who expressed interest in
Falling Rate of Profit issues.
Looks like there is a FROP closet out there.
Another way to look at what myself and, I think Andrew
have been trying to say about Okishio is that discussing
FROP is legal between consenting adults. It's what
Does anyone have available, or know of where I can get electronically, old
GDP data (e.g., pre-1929 for the US, when the NIPAs began, European data
from the 19th and early 20th century, etc.) A San Diego State web site
promises the data, but when you click, all you get is an apology for it not
In the 70s and 80s (and maybe even now), mainstream economics
textbooks presented the Cournot model of oligopoly as a game played
out sequentially in real time. The problem with this interpretation
of the model is that it requires the seemingly unreasonable assumption
that the players are
Received this from a list, asking support for setting aside a
broadcast spectrum for public use for phone calls/messages. Sounds like a
great idea to me.
Marianne Hill [EMAIL PROTECTED]
Have the FCC declare a tiny portion of what was once *understood* to be the
public's broadcast spectrum to
Art,
I would check out the International Journal of Health Services
Research edited by Vicente Navarro. They have had a whole series
of articles and debates on the corporatization of medicine
from a Marxist perspective.
Rudy
Hi Ajit,
I assume you want to know more what is the *point* of the whole exercise.
The point is the following: the conclusion of the usual argument re. the
max. rate of profit is the latter must fall with a rising c/v, hence so
too must the actual rate. This conclusion seems to contradict
John R. writes: I agree with Alan that it (the FROP) can stand
up to pretty much all challenges. However, I do not believe that
FROP provides an adequate basis for *crisis theory* and that's
mostly what my present endeavors are on about.
I think that's a key issue. A lot of the FROP
John wrote:
Ajit might be wondering why I would post such a FROP-friendly exercise,
since he knows that I've been working on a critique of the FROP approach.
But actually it's not a critique of the FROP *argument*, which -- now,
at any rate -- I regard as sound. I agree with Alan that
Jim Devine wrote:
I think that's a key issue. A lot of the FROP stories seem to
have no connection with "actually-existing capitalism." The
stories seem to hover at an extremely high level of abstraction,
with the authors never getting to how the tendency manifests
itself at the level
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
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