Date: Sun, 27 Oct 1996 16:05:41 -0500
Subject: Re: Re: M-TH: value theory and intuitive expla


At 12:01 PM 10/27/96, shmage-AT-pipeline.com wrote:

>You can, and I did.  My dissertation, "The 'Law of the Falling Tendency of
>the Rate of Profit: Its place in the Marxian Theoretical System and
>Relevance to the U.S. Economy, 1900-1960" (Columbia University, 1963)
>established how to determine capital stock in labor-value terms and then
>applied the method quantitatively.

This strikes me as no easier than neoclassical attempts to put a number on
the value of K. So many estimates, so many imputations.... Putty capital,
putty labor?

Doug

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