[PEN-L:6885] Re: rising rate of profit?

[ceyhun@xxxxxxxxxxxxxxxxxx (Fikret Ceyhun)]

>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

It depends how you calculate the rate of profit. Different definitions give
different results.

                                        Fikret

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