[PEN-L:6883] Re: rising rate of profit?

[dhenwood@xxxxxxxxx (Doug Henwood)]

At 4:50 AM 10/24/96, Gerald Levy wrote:

>To Doug: when are you going to define and measure the empirical statistics
>that you use in a Marxist way?

Jerry, dear Comrade, stop being so coy and tell me what *you* think, since
you've so obviously reworked the stinking capitalist hyena data produced by
the OECD into something more theologically acceptable.

My sense - and this comes, I confess, from stinking capitalist hyena data -
is that the rate of profit fell during the 1970s from its Golden Age
levels, and began rising with all the policy and investment initiatives we
call Reaganism/Thatcherism/Volckerism, but is still below G.A. levels.

Doug

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