[PEN-L:6874] Re: rising rate of profit?

[Blair Sandler <blairs@xxxxxxx>]

Doug Henwood wrote:
>
>RATES OF RETURN ON CAPITAL IN THE BUSINESS SECTOR
>from OECD Economic Outlook, June 1996, table A25
>
>                1979    1989    1995
>U.S.            16.0    17.3    18.3
>Japan           14.4    15.8    13.3
>Germany         11.7    12.5    13.8
>
>G7 average      14.3    15.7    16.2
>
>12 smaller
>  countries     13.2    14.6    14.9
>
>OECD-Europe     12.1    13.6    14.6
>
>all OECD        14.2    15.6    16.0


And you a Marxist! Doug, theory tells us that the rate of profit falls over
time. These data must be incorrect!  ;-)

Blair




Blair Sandler
blairs@xxxxxxx