Date: Sun, 27 Oct 1996 16:21:58 -0500 (EST)
Subject: Re: Re: M-TH: value theory and intuitive expla


Doug Henwood wrote:

> 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?

Have you read Shane's dissertation, Doug?

Jerry



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