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Re: RE: Re: RE: Re: the profit rate & recession



----- Original Message -----
From: "Devine, James" <jdevine@xxxxxxx>
To: <pen-l@xxxxxxxxxxxxxxxxxxx>
Sent: Monday, January 28, 2002 12:23 PM
>Subject: [PEN-L:22019] RE: Re: RE: Re: the profit rate & recession


my guess: both.

> Was it uncompetitive capital-labor ratio costs or the overvalued
> dollar or both that transformed the US steel industry?
>
> Ian

============
Yeah, I keep forgetting the chicken-egg dynamic of so much
causality in PE; shaking free of the linear-succession model is a
constant practice.

Ian




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