Re: Allin C and LAWS OF CHAOS

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxxx>]

Last time I read Farjoun and Machover I remember seeing it quite
clearly that they argued that there exist *endogenous* forces
that counter-act the equally-endogenous tendency for the rate of
profit to equalize: the normal process of capitalist competition
induces what Schumpeter called innovation, disturbing the equalization
tendency.  The strength of the classical assumption that the profit
rate equalizes is based on the endogenous tendency toward equalization
*and* the non-existence of endogenous tendencies away from equaliza-
tion. With such counter-tendencies, the classical argument is
much weaker.

Perhaps Farjoun and Machover don't present a good enough
argument for the existence of the counter-tendency, but they do
make some argument.  They are not total empiricists.

in pen-l solidarity,

Jim Devine   BITNET: jndf@lmuacad    INTERNET: jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (off); 310/202-6546 (hm); FAX: 310/338-1950
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